High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 09, 2022 - 12:53 pm 33.6k Views

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. 

Reliance Industries: The stock has jumped over 2.5% today. On the technical chart, the stock has formed a strong bullish candle and has taken out its prior swing high. Since its recent low, the stock has risen by 15% in short period. Moreover, it has recorded above average volumes recently, With such positivity, the stock is expected to perform well tomorrow.

PSP Projects: The stock has soared nearly 6% on Tuesday. It was consolidating in a tight range for quite some time until the strong breakout at the upper level happened. With this, the stock has also recorded huge volume which is greater than10-day and 30-dday average volume. It is already trading at a day’s high, and we can expect it to continue the upside momentum tomorrow as well.

Tata Motors: The stock has soared over 2% on Tuesday’s trading session. It witnessed strong buying interest at lower levels and has risen nearly 4% since its intraday low. The volume recorded has been good lately, indicating good participation in the stock. Thus, it is expected to be bullish for next day.

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