High momentum stocks to watch for tomorrow

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Apr 22, 2022, 03:36 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 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.  

GE shipping: The stock has zoomed over 5% today. In two days it has gained about 10% and recorded heavy volumes. Also, the stock has given a breakout from its strong resistance of Rs 380 yesterday, following which it continued the upward journey. With its strong bullish price structure, the stock is expected to do well tomorrow.

Colgate Palmolive: The stock surged about 3% on Friday. On the technical chart, it has formed a strong bullish candle with its open being nearly equal to its low. The volumes have been above average, and the stock has a strong price structure. It is trading at a day’s high and is expected to continue its momentum next week as well 

Elgie Equipment: The scrip has gained over 8% on Friday’s trading session. It was consolidating in a broader range and has given a breakout today with strong volumes. It trades above all its key moving averages, and we expect it to continue its momentum on the higher side next week.

SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)
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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)

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