High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 12, 2022 - 08:33 am 39.7k Views
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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. 

Lupin: The stock has surged over 2.5% despite bad market sentiment. It has taken support of its 20-DMA before surging nearly 3%. Moreover, it is registering higher highs and higher lows in the past few days. Along with today’s strong price action, the stock has recorded above average volume. With the stock already trading at day’s high, the stock is expected to be bullish for next day.

GAIL: The stock soared over 3% on Wednesday and has taken out its prior swing high. Today’s price action is quite strong as its open=low and it is trading near its day’s high. The past four days have recorded rising volumes, which demonstrates larger trading activity. The stock has gained nearly 14% this month and is expected to continue the same momentum in times to come. With strong price action and volume, the stock is expected to gap-up tomorrow.

BSE: The stock of BSE has shot up nearly 5% in Wednesday’s trading session and has recorded huge volume in the process. It is already trading above all its key moving averages and all other technical parameters indicate towards the bullish sentiment of the stock. The stock has attracted buyer’s interest in a bad market and a possible gap-up is expected on Thursday.

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