High momentum stocks to watch for on September 15

High momentum stocks to watch for on September 15

by 5paisa Research Team Last Updated: Dec 13, 2022 - 04:37 pm 16.3k Views
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Looking for stocks that could deliver good returns by September 15? 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 15.   

JK Lakshmi Cement: The stock registered a strong price volume breakout on Wednesday. It has jumped over 14% today and formed a strong bullish candle on the technical chart. It has also crossed above its prior swing high. With the stock already trading at a day’s high, we can expect it to open gap-up in the next trading session.  

Kalyan Jewellers: The scrip rose over 8% during Wednesday’s trading session. It has registered a breakout from its consolidation pattern with above-average volume. The volume is found to be greater than the 10-day, 30-day, and 50-day average volume. It has hit an all-time high today and is extremely bullish technically. It is expected to continue its momentum in the next trading session as well.

India Cements: The stock witnessed a V-shaped recovery on the larger timeframe and is up over 80% from its recent swing low. It is currently trading near its prior pivot and has soared 7% today. The huge volume recorded is the key indication of strong buying interest among the traders. With such a sharp upmove, we can expect it to open positively in the next trading session.

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