High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 10:05 pm 32.1k Views
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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.

Avanti Feeds: The stock has soared by a massive 8.20% today. Since its recent low, it has jumped over 15% in just three trading sessions. With this, it is above all the short-term moving averages. The volume recorded has been greater than the 10-day and 30-day average volume, indicating strong trading activity. It is trading at a day’s high and is expected to continue its momentum tomorrow as well.

Persistent Systems: The stock has surged over 2.50% on Tuesday. With this, it is inches away from its all-time high level of Rs 4987. The volumes have been above average lately and the technical parameters suggest strong momentum of the stock. With its strong bullish price structure, the stock is expected to do well tomorrow.

JK Cement: The scrip has soared over 6% on Tuesday’s trading session. It has given a breakout from its double bottom pattern and continues to trade higher with huge volume. Today, the stock has recorded thrice the previous day’s volume. Moreover, it has formed six consecutive green candles and the price structure of the stock is quite bullish. Thus, we expect the stock to open gap-up tomorrow.

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