High momentum stocks to keep an eye on 13-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:

Surya Roshni: The stock is in a strong uptrend and hit a fresh all-time high on Thursday. It has jumped over 4% backed by massive volumes. Interestingly, the stock made a V-shaped recovery towards the end of the previous month and strong follow-up buying has been witnessed. With the stock trading at the day’s high, we can expect a gap-up opening in the next trading session.     

Ingersoll-Rand India: The scrip registered a breakout from its 16-week cup pattern with good volumes. It soared over 6% on Thursday and trades at an all-time high level. The volumes stood above average and greater than the 50-day average volume. The technical parameters also indicate rising strength in the stock. We can expect it to remain positive in the next trading session as well.   

Kabra ExtrusionTechnik: After many days of consolidation, the stock has finally registered a breakout and surged over 6%. Higher volumes validate this strong breakout. With this, it has moved above its short-term moving averages. The positive price action and bullish technical parameters suggest good momentum for the stock.