High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 16, 2022 - 02:35 pm 32.6k 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 times 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.

Adani Ports: The stock has soared nearly 4% today. With this, it has crossed above its short term resistance level of Rs 750 and recorded huge volume during this process which is greater than the 10-day, 30-day and 50-day average volume. With such a strong price structure and volume, the stock is likely to keep up the momentum tomorrow as well.

Sun Pharma: The stock has jumped over 1.5% on Tuesday. It received strong buying interest at lowers and has jumped about 2% since its intraday low. It has crossed above its previous day’s high and is currently trading at its day’s high. The volume recorded have been above average, and thus the stock is likely to trade higher tomorrow.

Ipca Lab: The scrip has soared nearly 6% on Tuesday’s trading session. It has crossed above its prior swing high level of Rs 1042.50 and formed a sizable bullish candle and has recorded huge volumes during the day. It has received strong buying levels today is likely to open gap-up tomorrow.

Also read: 5 BTST Stocks: BTST Stock list for today March 29

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