High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-04-04T14:47:49+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 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.

Sun Pharmaceuticals: The stock has soared over 2% today. It is currently trading near its 52-week high and has formed a strong bullish candle on the technical chart. It trades above all the key moving averages and volumes have increased lately. With this positivity, we expect Sun Pharma to trade higher tomorrow.

Chambal Fertilizers: The stock has surged over 6% in Monday’s trading session. It has crossed above its prior swing high with heavier volumes. It has recorded a rising volume for the third consecutive day, indicating larger trading activity. The stock is trading at a day’s high, and it is expected to continue the upside momentum tomorrow as well.

Alkyl Amines Chemicals Ltd: The stock has soared about 6% on Monday. After a good gap-up opening, the stock continued its upward march and is currently trading at a day’s high. Moreover, it has crossed above its prior swing high and recorded above-average volume. The stock shows no signs of halting and is expected to trade higher tomorrow.

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