High momentum stocks to watch for tomorrow!

High Momentum stocks

by 5paisa Research Team Last Updated: May 26, 2022, 02:58 PM IST

Looking for stocks that could deliver good returns by 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.     

KNR ConstructionsThe stock has soared over 7% today. It had formed a minor base near the level of Rs 230, following which the stock witnessed a strong buying interest. The volume has shot up tremendously and is above average. Moreover, it is above its 20-DMA and is trading at a day’s high. With this, the stock is expected to open gap-up the next day.   

Max Financial Services Limited: The stock surged over 4.50% in Thursday’s trading session. It found strong support for its 20-DMA and bounced back sharply. It has recorded heavy volume and is greater than the 10-day and 30-day average volume. The stock is trading at a day’s high and is expected to do well tomorrow.   

Elgi Equipment: The stock soared over 4% on Thursday. With this, it has surged above its prior swing high of Rs 345. Moreover, it is above all the key moving averages and the volumes have been built up. Technically, the stock is quite strong is chances of trading stronger tomorrow are high.   

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SENSEX
52,727.98
462.26 (0.88%)
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15,699.25
142.60 (0.92%)
Nifty Bank
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492.45 (1.49%)

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