High momentum stocks to keep an eye on 27-April-2023

Looking for stocks that could deliver good returns soon? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.       

Many 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 to keep an eye on:           

EPL: The stock registered a breakout from its ascending triangle pattern with massive volumes. It has jumped nearly 5% and volumes stood greater than the 30-day and 50-day average volume. All its key moving averages are in an uptrend and indicate strong bullishness across all timeframes. We can expect it to remain positive in the next trading session as well. 

Minda Corporation: The scrip is in strong uptrend, having soared nearly 50% since its prior swing low. Interestingly, the stock has jumped over 3% during Thursday’s trading session, backed by above average volumes. It has formed a strong bullish candle on the technical chart. With the trading at the day’s high, we can expect a gap-up opening in the next trading session.

BSE: The stock has surged over 4% and has crossed above its key short-term moving averages. The volumes recorded in the past 3 days have been huge and indicatestrong buying interest. The 14-period daily RSI shows strong trend strength. With positive price action and bullish technical parameters, the stock is expected to remain bullish in the next trading session.