High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 12, 2022 - 12:54 am 40.5k 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.

HEG Limited: The stock has surged over 5% on Wednesday and is already trading near day’s high. It has gained nearly 20% in just 15 trading sessions. The stock paused its rally and has broken out from its narrow range. The price action is accompanied by huge volume which confirms the breakout. The stock is expected to be bullish for the next day.

Chambal Fertilizers: The stock soared nearly 6% today and has hit a fresh all-time high of Rs 452.60. It has been showing great momentum for the past few days and has recorded above-average volume during the process. Already trading at day’s high, the stock shows no sign s to halt. Thus, we can expect this great action to continue for the upcoming day.

M&M: The stock has shot up over 4% in Wednesday’s trading session and is the top gainer among the Nifty stocks. It rose about its 50-DMA and is trading above its prior swing high. The RSI has also entered the bullish territory and indicates that the stock is ready for the big momentum. Considering the change of sentiment among the market participants for the stock, we can expect it to be trading higher tomorrow!

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