High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Mar 31, 2022, 05:22 PM IST

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.

DLF: The stock has soared over 3.5% today. On the technical chart, the stock has formed a strong bullish candle and trades above all the key moving averages. Since its prior swing low, the stock has gained about 15% in short period. Moreover, the volumes have been above average, indicating strong trading activity. Considering the above points, the stock is expected to perform well tomorrow.

Bajaj Finserv: The stock has soared over 4% on Wednesday. It was consolidating in a tight range for quite some time until the strong breakout at the upper level happened. The stock surged above its 50-DMA with heavier volumes. The volume is greater than 10-day and 30-day average volume. It is already trading at a day’s high, and we can expect it to continue the upside momentum tomorrow as well.

Aegis Logistics: The stock has skyrocketed over 7% on Wednesday’s trading session. It has crossed above its short term resistance of and is currently trading at day’s high. Since past three days, the stock has recorded rising volume, which indicating larger trading participation in the stock. Moreover, the stock has broken out from its falling trendline which is expected to continue its momentum tomorrow as well.

 

Also read: 5 BTST Stocks: BTST Stock list for today March 30

SENSEX
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427.50 (0.79%)
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SENSEX
54,680.03
427.50 (0.79%)
Nifty 50
16,296.60
126.45 (0.78%)
Nifty Bank
35,326.60
231.70 (0.66%)

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