High momentum stocks to watch fortomorrow

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 14, 2022 - 11:57 pm 30k 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 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.

Suven Pharma: The stock has zoomed over 3% today. In the last three days, it has gained about 8% and recorded heavy volumes. With this, it trades above all the key moving averages and is inches away from testing its al-time high levels. The stock is trading at day’s high, and we expect to it be bullish next day.

Hero MotoCorp: The stock surged about 3.5% on Wednesday. The stock is in strong uptrend lately and has already gained about 10% in the last three trading sessions. It has also crossed above its prior swing high and is above its 100-DMA. Above average volumes have been recorded, which justifies strong buying interest among the market participants. Thus, the stock is expected to be well tomorrow as well.

ACC: The scrip has gained nearly 2% on Wednesday’s trading session. It is undergoing strong uptrend and has surged about 16% since its priors wing low in six trading sessions. The volumes have been above average during this period. On the technical chart, the stock received strong buying interest at lower levels and is currently trading at day’s high. It trades above all its key moving averages, and we expect it to continue its momentum on the higher side next week.

Also read: 5 BTST Stocks for Today April 27, 2022

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