High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: May 16, 2022, 02:40 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 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.

CRISIL: The stock has skyrocketed over 8% on Monday. Along with today strong price action, it has recorded huge volume and demonstrates strong trading activity. The stock is currently trading near to its 52-week high as it is just 2.08% away from its 52-week high of 3633.46. Moreover, the stock has formed a sizable bullish candle with negligible lower shadow which indicates that on Monday the stock is witnessing a trending day.  The stock is expected to continue the rally next day.

Eicher Motors: The stock has soared about 6.83% on Monday and is trading at a day’s high. The stock opened with gap-up on Monday and it has gone from strength to strength. The stock has witnessed huge volume spurt and testimony of this is the fact volume recorded till now is greater than 30 and 50-days average volume. The stock seems to be in a sweet spot and if the index continues to inch higher, this stock can be an outperformer.

Bharat Forge: The stock has shot up over 5% in Monday’s trading session. The stock witnessed open=low and currently trading at a day’s high. Volume for the day is highest since March 10, 2022 and it is greater than 30 and 50-days average volume.  Hence, we expect the stock to continue the upside momentum next trading session as well.

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SENSEX
53,018.94
-8.03 (-0.02%)
Nifty 50
15,780.25
-18.85 (-0.12%)
Nifty Bank
33,425.10
155.20 (0.47%)

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