High momentum stocks to watch for on September 16

High momentum stocks to watch for on September 16

Indian Market
by 5paisa Research Team Last Updated: 2022-09-15T14:43:04+05:30

Looking for stocks that could deliver good returns by September 16? 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 16.  

JK Tyres: Despite the weakness in the global market, this stock is one of the top gainers from the Nifty 500. It has soared over 12% amid fresh buying interest and is trading above its prior pivot. The scrip has recorded a huge volume and is also trading above all its key moving averages. Moreover, the stock registered a strong price volume breakout from its consolidation pattern. With such positivity, expect it to continue its momentum in the next trading session as well.

EID Parry: The stock has formed a higher high and a higher low on the technical chart, which is a sign of bullishness. It jumped over 5% during Thursday’s trading session and recorded above-average volume. The scrip has hit a fresh all-time high level of Rs 609.95 on NSE and is trading near to its day’s high. Expect it to open gap-up in the next trading session.

Welspun Corporation: The shares hit a fresh 52-week high on Thursday as they surged over 7% on an intraday basis. The stock has been in consolidation for the past 8 trading sessions and registered a strong price volume breakout. The volumes rose for the third consecutive day, and the technical parameters indicate strong bullishness in the stock. Thus, we can see some positive action from the stock in the next trading session.


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