High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-03-23T14:59:09+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.

Syngene International: The stock has jumped over 4% today. Since its recent low, it has gained over 10% in just five trading sessions. On the technical chart, the stock has formed a strong bullish candle and has recorded huge volume during the process. It is already trading at day’s high and is likely to keep up the momentum tomorrow as well.

Steel Authority of India: The stock has soared over 4% on Wednesday. With today’s strong price action, the stock has crossed above its 50-DMA. Moreover, the volumes recorded are above average, demonstrating larger trading activity. The stock has broken out from its falling trendline and is expected to trade higher tomorrow. 

AU Small Finance Bank: The scrip has soared over 3% on Wednesday’s trading session. It took support at its 100-DMA and has bounced back sharply and has crossed above its short term resistance level of Rs 1200 with good volumes, and is expected to continue its momentum tomorrow.

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