High momentum stocks to watch for on September 14

High momentum stocks to watch for on September 14

Indian Market
by 5paisa Research Team Last Updated: 2022-09-13T16:51:46+05:30

Looking for stocks that could deliver good returns by September 14? 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 Wednesday.

BLS: The stock skyrocketed nearly 8% on Tuesday. It opened at a level of Rs 254.45 and made an intraday low of Rs 253.20 and currently, the stock is trading near the day’s high and almost Rs 20 up from the lows of the day. Interestingly, the volume seen on Tuesday in this stock is the highest single-day volume in the last eight trading sessions. Volume is more than 2 times the 50-day average volume. The stock has marked a fresh 52-week high and as it is trading around the 52-week high it is trading above its all-key moving averages interestingly, all the key moving averages are in the desired direction and trending up.  

Vipind: The stock has risen by 2.8% on Tuesday and it managed to surpass the level which was seen early in August 2022. The stock has formed a bullish candle and volume for the day is already above its prior trading session volume and it has registered nearly thrice the volume when compared to its 50-day average volume. Hence, it’s important to keep this stock on the watchlist as price action along with a jump in volume indicates good days ahead in the coming days for the stock.

Karurvysya: The stock gained more than 3.5% on Tuesday and it has registered a fresh 52-week high. The stock has a sharp rise in volume in the last one and half hours, and the volume for the day is highest in the last three trading sessions. The stock is trading above its key moving averages and moving averages are in the desired direction. Hence, keep this stock on your watch list.


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