High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-05-10T14:45:45+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.

Godfrey Phillips: The stock has zoomed over 4% today. Since its prior swing low of Rs 1115.05, the stock has jumped over 11%. During this period, it recorded above average volumes amid strong buying interest from market participants. The stock is trading at day’s high and we expect to it be bullish the next day. 

Lakshmi Machines: The stock surged about 4.5% on Tuesday. It made a V-shaped recovery on the daily timeframe. With this, it has formed a bullish candle with a lower wick, indicating buying interest at lower levels. Moreover, it has surged above its 200-DMA. Also, rising volumes were recorded for third succussive day, and thus, the stock is expected to continue on its bullish track.

Hindustan Unilever: The scrip has gained over 3% on Tuesday’s trading session. It has found a good support at its 50-DMA and the stock has bounced back sharply. It has formed as strong bullish candle and has registered good volumes. The stock is trading at day’s high and is expected to open gap-up tomorrow.

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