High momentum stocks to watch for on September 22

High momentum stocks to watch for on September 22

Indian Market
by 5paisa Research Team Last Updated: 2022-09-21T18:41:48+05:30

Looking for stocks that could deliver good returns by September 22? 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 22.

SW Solar: The stock registered a strong price volume breakout on Wednesday after it surged over 6%. It has broken out from its consolidation pattern and is trading at a day’s high. The volumes have risen exponentially in the past few days. The technical parameters indicate strong buying sentiment in the stock, and it is likely to trend higher in the next trading session.

Ratnamani Metals & Tubes: The scrip has formed higher highs and higher lows on the technical chart, which is a bullish sign. It hit a fresh all-time high level of Rs 2100 during Wednesday’s trading session. Massive volume has been recorded today and is greater than the 30-day average volume. Such positivity is likely to take the stock higher.

Phoenix Ltd: The shares have hit a fresh lifetime high of Rs 1455 on NSE today. It has zoomed nearly 4%, backed by a huge volume The volume has jumped 3-fold from its previous day’s volume, which indicates rising buying interest. Moreover, the stock has bounced 8% from its prior swing low in just 3 trading sessions. With the stock already trading at a day’s high, a gap-up opening is expected in the next trading session.


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