High momentum stocks to watch tomorrow!

High momentum stocks to watch tomorrow!

by 5paisa Research Team Last Updated: Jan 17, 2022, 02:47 PM IST

Looking for stocks that could deliver good returns till tomorrow? Here are the High Momentum stocks that one must watch out 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.

Apollo Tyres: The stock witnessed a sharp up move from its low since December 20 and gained over 20% since then. After a few days of consolidation, the stock has resumed its upward journey and has soared nearly 5% on Monday. With such strong price action comes huge volume, which is greater than 10-day and 30-day average volume. Moreover, the stock trades near day’s high. The stock is expected to continue with the same momentum and has the potential to rise higher in upcoming day.

SBI Life Insurance Company: The stock is higher for the seven consecutive trading session and has recorded huge volume during the process. It is up by about 2% and has hit its fresh all-time high of Rs 1293 during the process. Moreover, the RSI has entered in super bullish region.  With such strong momentum, the stock is likely to continue its upward journey next day with a gap-up.

Tata Motors: The stock has jumped over 3% on Monday. It is also one pf the top gainers of Nifty stocks today. It has registered the volume double than previous day’s volume, which hints towards larger participation in the stock by the market players. The stock is trading near its all-time high and with such strong bullishness, it is expected to surge even higher in times to come.

SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)
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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)

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