High momentum stocks to keep an eye on 27-Feb-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.     

Macrotech Developers Ltd: The scrip surged nearly 15% and registered a strong V-shaped recovery on the technical chart. After a steep correction of about 37% from its prior swing high, the stock has seen huge buying interest at lower levels. With the stock already trading at the day’s high, it is likely to open with a gap-up in the next trading session.        

Equitas Small Finance Bank: The scrip has surged over 3% and has recorded above-average volumes lately. With such positivity, it currently trades near its 52-week high level. The stock has formed a sizable bullish candle and shows strong momentum as per the technical analysis. The stock is expected to see a strong near-term uptrend.      

Triveni Turbine: This stock trades near the breakout level of its ascending triangle pattern. It jumped nearly 4% on Monday and recorded huge volumes. Interestingly, it trades above all its key moving averages and shows bullishness across all timeframes. The technical parameters indicate positivity and a strong surge in volume justifies upside momentum. It is expected to attract traders in the next trading session considering the bullish setup.