High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-12-11T19:04:17+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.

Bank of Baroda: The stock has soared nearly 3% today. Since its recent low, it has over 6% in just two trading sessions and is currently trading at day’s high. Moreover, it has crossed above its prior swing high with heavier volumes. The volume recorded today is greater than 10-day and 30-daya average volume. With its strong price structure, the stock is likely to keep up the momentum tomorrow as well.

Prestige: The stock has jumped over 4% on Monday. It attracted strong buying interest at lower levels and has jumped nearly 7% since its intraday low. With this, it has taken out its prior swing high and is trading at day’s high. With above average volumes being recorded, the stock is expected to open gap-up tomorrow.

JK Tyres: The scrip has soared over 5% on Monday’s trading session. With this, it has given a breakout from its double bottom pattern breakout level and is surging higher. Also, the stock has registered a volume which is greater than 190day, 30-day and 50-day average volume, thus indicating larger participation in the stock. The stock has gained strong upside since past two days and is expected to continue its momentum tomorrow.

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