High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-03-24T15:05:20+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.

Mindtree: The stock has jumped over 4% in Thursday’s trading sessions. Since its recent swing low, the stock has gained about 10% in a week. Moreover, it has taken out its prior swing high with heavier volume. The stock is trading at a day’s high and it is expected to continue the same momentum tomorrow.

GMDC: The stock has soared over 9% on Thursday. Moreover, it has hit a fresh 52-week high today. Along with such strong price action, the stock has recorded above-average volume, which is higher than 10-day and 30-day average volume, thus demonstrating larger trading activity. The stock is likely to continue uptrend on upcoming day.

Lupin: The stock has jumped over 3% today. It took support at its 20-DMA and has recovered sharply from there. The volume recorded today is nearly twice the previous day’s volume and states larger trading activity. It trades above its short term resistance and currently is at its day’s high. Thus, we expect the stock to continue the momentum tomorrow.

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