High momentum stocks to watch for wednesday

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: 2022-12-10T23:15:44+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 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.

Just Dial: The stock has zoomed by a massive 8% today. Since its recent low, it has jumped over 22% in just nine trading sessions. The stock had a given a breakout from its double-bottom like pattern a few days back and continues to trade higher. With this, the volume recorded has been greater than the 10-day and 30-day average volume, indicating strong trading activity. With its strong bullish price structure, the stock is expected to do well tomorrow.

Kotak Mahindra Bank: The stock has surged about 1.50% on Tuesday. On the technical chart, the stock has formed a strong bullish candle with its open being nearly equal to its low. The volumes have been good and technical parameters suggests bullishness. It is trading at a day’s high and is expected to continue its momentum tomorrow as well.

M&M Financial Services: The scrip has gained nearly 1% on Tuesday’s trading session. In the past eight trading sessions, the stock has gained over 11%. During this period, above average volume has been recorded. The stock is trading above all the key moving average, and we expect it to continue its momentum on higher side tomorrow. 

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