High momentum stocks to watch for on September 19!

High momentum stocks to watch for on September 19!

by 5paisa Research Team Last Updated: Dec 12, 2022 - 11:11 am 15.5k Views

Looking for stocks that could deliver good returns till September 19? 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 19.

Mishra Dhatu Nigam Ltd: The stock registered a 20-week cup pattern breakout. It soared over 9% on Friday despite a severe sell-off faced in the broader market. Interestingly, the volume is massive, which justifies the strong buying interest among the traders. With such positivity, it is likely to be in focus for the next trading session. 

Sumitomo Chemicals: After a nominal correction from its prior swing high, the stock has seen strong buying interest at lower levels. It has jumped nearly 4% amidst volatility and has recorded above-average volume. It is above all its key moving averages and is trading near to its day’s high. It is likely to see positivity in the next trading session.

Thermax: The stock has registered an ascending triangle pattern with huge volume. It has surged over 4% backed by huge volume. The volume recorded today is greater than the 10-day and 30-day average volume. The volumes have risen for the third consecutive day, and we can expect the stock to open positively in the next trading session.

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