High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-06-02T15:06:37+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 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.

Century Textiles: The stock has zoomed over 5% today. On the technical chart, it has formed a series of bullish candles and has surged about 15% in the last three trading sessions. The volumes have been above average and indicate strong buying interest. It has surged above its 200-DMA and is expected to continue its bullishness.

Tanla: The stock surged over 3.5% on Thursday. It has surged about 22% since its prior swing low and has recorded good volume. The technical parameters indicate bullishness too. It has surged above its 50-DMA and 200-DMA and is currently at a day’s high. Thus, the stock is on a bullish track for tomorrow.

Macrotech Developers (LODHA): The scrip has skyrocketed over 3% on Thursday’s trading session. On the technical chart, the stock has given a breakout from its double bottom pattern and is expected to trade higher. The stock is trading near day’s high and is expected to open a gap-up tomorrow.

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About the Author

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