High momentum stocks to watch for tomorrow!

high momentum stocks

by 5paisa Research Team Last Updated: May 23, 2022, 03:19 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 market participants see a stock opening with a gap-up and wish they had 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.      

Mahindra & Mahindra: The stock has zoomed nearly 4% today. On the technical chart, it has formed a strong bullish candle with its open=low. It has crossed above its prior swing high and recorded above-average volume. Moreover, it has gained over 6% since its recent low in just three trading sessions and has received strong buying interest at lower levels. Thus, we expect it to be bullish the next day.    

Shriram Transport Finance: The stock surged over 3.5% on Monday. After forming a base near Rs 1050 level, it gained momentum and has surged over its 20-DMA and 50-DMA with heavy volume. Strong buying interest is seen at lower levels and with such bullishness, the stock is expected to continue its momentum.    

V-mart: The scrip skyrocketed over 7% on Monday’s trading session. It consolidated around Rs 2900 for the past few days and has jumped strongly today. It has formed a series of bullish candles on the technical chart and recorded above average volumes. The stock is trading near the day’s high and is expected to open a gap-up tomorrow.    

 

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SENSEX
52,907.93
-111.01 (-0.21%)
Nifty 50
15,752.05
-28.20 (-0.18%)
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114.35 (0.34%)

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