High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-03-17T15:06:48+05:30

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.

GSFC: The stock has surged over 4% on Thursday. On the technical chart, the stock has formed a strong bullish candle and is inching towards its 52-week high level. Since its prior swing low, the stock has gained over 8% in the past two trading sessions, thus demonstrating strong momentum on the higher side. It has also recorded above average volume during the process. With the stock already trading at day’s high, the stock is expected to further continue to momentum.   

Confidence Petroleum: The stock has soared over 7% today. It has crossed above its prior swing high and recorded huge volumes. It has recorded rise in volume for the third consecutive day, indicating towards strong trading activity. It has surged above its 200-DMA and overall looks in a strong uptrend. The stock shows no sign of halting, and it is expected to perform well next trading session.

Apollo Tyres: The stock has jumped over 4% today. It was seen consolidating in a tight range and has broken its upper limit decisively today. The stock has surged above its 20-DMA and is trading at day’s high. It has recorded more than 10-day and 30-day average volume and with such strong price structure and breakout, the stock is well poised to trend stronger.

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