High momentum stocks to watch for Wednesday!

Looking for stocks that could deliver good returns by Friday? 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 Wednesday.

Bombay Burmah Trading Corporation: The stock has soared over 8% today. Since its recent swing low, the stock has gained over 20% in just four trading sessions. During this period, it has recorded above average volume, and indicates strong trading activity. The stock crossed above its strong resistance of Rs 1000 and is trading nearly at day’s high. This bullish momentum is expected to continue tomorrow as well.

JK Tyres: The stock has surged nearly 6% on Tuesday. On the technical chart, the stock has formed a strong bullish candle with open=low scenario. Moreover, the stock has crossed above its short-term resistance level with heavier volumes. Strong buying interest was seen throughout the day, and the stock is expected to trade higher tomorrow.     

Adani Enterprises: The stock has soared about 5% on Tuesday’s trading session. It has It has hit a fresh all-time high today and is in strong uptrend since past few days. The stock has recorded huge volumes and shows no sign of halting. With the stock already trading at a day’s high, we expect the stock to open gap-up tomorrow.