High momentum stocks to watch for on September 20!

High momentum stocks to watch for on September 20!

Indian Market
by 5paisa Research Team Last Updated: 2022-09-19T15:07:05+05:30

Looking for stocks that could deliver good returns by September 20? 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 20.

Fortis Healthcare: The stock has jumped nearly 7 per cent and hit a fresh all-time high of Rs 321.60 on NSE. On the technical chart, the stock has firmed higher highs and higher lows which is a positive pattern. The volumes are on a rise recently, which indicates active buying interest in the stock. It is trading at a day’s high and is likely to continue its upward journey in the next trading session.

Triveni Turbine: The scrip has soared over 6% in Monday’s trading session. With this, it is now trading near its 52-week high level with above-average volume. The volume has risen for the fourth consecutive day. The technical parameters show bullishness, and one can expect it to trend positively in the next trading session.

Ceat: Ceat has been the hot topic lately, having soared over 25% in the past 3 trading sessions. Strong buying interest has been seen today, which is evident from massive volumes. On the technical chart, the stock has formed a bullish candle and is trading at a day’s high. With such positivity, we can expect it to open gap-up in the next trading session.

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