High momentum stocks to keep an eye on 14-March-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 selected for tomorrow 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-   

Sonata Software: The stock has registered a strong technical breakout from its 71-week cup pattern with massive volumes. It has jumped over 3% today and has hit a fresh 52-week high level. All the key short-term moving averages are in an uptrend and showcase bullishness. The stock has formed a sizable bullish candle and is expected to trend higher in times to come.

Aegis Logistics: The scrip has formed a higher high and higher low on the technical chart, thus signifying an uptrend over a medium term. After a quick correction in recent times, the stock has seen good buying interest. The technical parameters indicate good strength in the stock, which validates the positive bias. With the stock already trading at day’s high, it is expected to open positively in the next trading session.      

Seamec Limited: The stock has soared over 12% despite strong bearishness in the market. It has crossed above its prior swing high with huge volumes and has already jumped 35% in the past 4 trading sessions. The bullishness in likely to continue and we expect it to open gap-up in the next trading session given such positivity.