High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-03-21T14:48:38+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.

Delta Corp: The stock has skyrocketed 10% today. With this, it has hit a fresh 52-week high of Rs 313.85. It had gained sharp momentum lately and is up by 28% in just nine trading sessions. Along with this, the stock has recorded huge volume, which supports strong trading activity. With such strong price action, the stock is expected to continue the bullish momentum tomorrow as well.

PVR: PVR has surged over 2.5% in Monday’s trading session. On the technical chart, the stock has formed a strong bullish candle and trades above its short term resistance of Rs 1738. It has recorded above average volume, indicating larger participation and thus, we expect the stock to remain bullish tomorrow as well.

CRISIL: The stock has jumped over 4% on Monday. It has decisively broken out from its falling trendline and has recorded huge volume during the process. The stock has gained points for the third straight day and is already trading at day’s high. The stock shows no signs of halting and is expected to open gap-up tomorrow.

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