High momentum stocks to watch for on September 13.

High momentum stocks to watch for on September 13.

Indian Market
by 5paisa Research Team Last Updated: 2022-09-12T14:16:20+05:30

Looking for stocks that could deliver good returns by September 13? 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 13.

GNFC: The stock has advanced nearly 4% on Monday on back of strong volumes. The stock took support around the 38.2% retracement level of the recent up-move and on Monday it has registered a fresh 14-day high. Monday’s volume is the highest single day volume recorded by stock in the eight trading sessions and also, it above its 10-days average volume. With such strong trading activity, we can expect this stock to be in positive upmove in the coming trading session.

Wockpharma : The stock has jumped over 7% on Monday along with decent surge in the volume. The volume for the day is greater than its prior trading session and interestingly, as the trading session has progressed the volume has been in rising trajectory. Talking about the price action, the stock has formed a sizable bullish candle with opening level identical to the low of the day. Hence, keep a close eye on this stock as the stock can see good momentum in days to come.

Raidco: The stock has risen nearly 6% on Monday and it has reached level which were last seen in the last week of January this year. The jump in price has been backed by robust volume as the volume recorded for the day is higher in the last many weeks and it is nearly thrice the volume of 10-days average. With strong volume and price action seen in the stock, we expect the stock to extend its run and head higher from hereon.


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