High momentum stocks to watch for tomorrow!
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.
Granules: The stock has surged over 5% on Friday and is already trading near day’s high. The stock had shown a good rally in the last trading session and kept the momentum alive. It has recorded rising volumes which indicate larger participation in the stock. Moreover, it has taken out its prior swing high of Rs 349.50. With such great momentum, the stock is expected to be bullish for Monday.
KEI Limited: The stock soared about 3% today and trades above the near-term resistance level of 1180. It took the support at 20-DMA before shooting up 3%. With such strong price action, the volume recorded is above 10-day and 30-day average volume. Thus, the stock has built momentum and is likely to open higher the next day.
Teamlease: The stock has shot up nearly 3% in Friday’s trading session. It recovered from its day’s low with strong momentum. From the past three days, rising volumes have been recorded and with this, it has crossed above the 50-DMA. With the stock already trading near day’s high, it is expected to open with a gap-up on Monday.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7683.00 | -7.7 (-0.1%) |
| CAC 40 | 8016.65 | -75.21 (-0.93%) |
| DAX | 17917.28 | -171.42 (-0.95%) |
| Dow Jones | 38091.12 | 4.99 (0.01%) |
| FTSE 100 | 8076.60 | 35.42 (0.44%) |
| Hang Seng | 17284.54 | -0.01 (0%) |
| US Tech Composite | 15619.91 | 2.7 (0.02%) |
| Nikkei 225 | 37628.41 | -831.6 (-2.16%) |
| S&P 500 | 5048.49 | -0.53 (-0.01%) |
| Gift Nifty | 22650.50 | 3 (0.01%) |
| Shanghai Composite | 3052.90 | 0 (0%) |
| Taiwan Weighted | 19857.42 | -274.32 (-1.36%) |
| US 30 | 38092.40 | 3 (0.01%) |
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