High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 11, 2022 - 11:57 am 34.3k Views
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Looking for stocks that could deliver good returns till tomorrow? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.

Many of the time market participants see a stock opening with a gap-up and wish they should have bought this high momentum stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable high momentum stocks for tomorrow.

The high momentum stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters, it would flash in our system and as a result, it would help traders to spot the high momentum stocks for tomorrow at the right time!

Here are the high momentum stocks for tomorrow.    

Excel Industries: The stock has skyrocketed over 7% in Tuesday’s trading session. On the technical chart, the stock has formed a strong bullish candle and has recorded above average volumes. It has recorded about five times the previous day’s volume. Moreover, It has hit a fresh 52-week high today and currently trades near it. With such strong price action, the stock expected to open gap-up tomorrow.

Linde India: The stock has soared over 9% today. It is in strong upside momentum lately and has gained over 30% in just five trading sessions, thus displaying strong bullishness. Along with today’s price surge, it has recorded huge volume of 1.5 million. Moreover, it has hit a fresh all-time high of Rs 3330. The stock is expected to continue the bullish trend tomorrow as well.

Heranba: The stock has surged over 10% on Tuesday. It has crossed above its 50-DMA and 100-DMA with huge volume. It is under strong momentum today and has gained over 25% since its prior swing low. The strong price action has induced strong buying interest and we can expect the stock to perform well tomorrow.

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