High momentum stocks to watch for on September 02

High momentum stocks to watch for on September 02

Indian Market
by 5paisa Research Team Last Updated: Dec 13, 2022 - 01:49 pm 16.8k Views

Looking for stocks that could deliver good returns by September 02? 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 for September 02.

Poly Medicure: The stock had registered a strong price volume breakout from its consolidation pattern this week. It continued its uptrend on Thursday, jumped over 8% and recorded above-average volume. It is above all its key moving averages and is at its prior swing high level. With the stock already trading at a day’s high, we expect it to open gap-up in the next trading session.

Gland Pharma: The scrip crossed above its prior swing high with above-average volume. It climbed over 6% on Thursday and formed a strong bullish candle. It has soared above its 20-DMA and 50-DMA. Interestingly, the stock is showing a strong sign of recovery after a sharp fall in the past few weeks. Thus, this stock will be in focus in the upcoming trading session.

Equitas Holdings: Equitas holdings shares surged by nearly 5% amid strong buying interest from the traders. It has crossed its prior swing high and currently trades at a prior pivot. It is also near its 200-DMA and has surged over 12% from its recent swing low. The volume record is huge and shows active interest among the market participants. It is likely to see strong demand in the next trading session.

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