High momentum stocks to watch for on September 28

High momentum stocks to watch for on September 28

by 5paisa Research Team Last Updated: Dec 11, 2022 - 12:43 pm 15.1k Views
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Looking for stocks that could deliver good returns by September 28? 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  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 28.

Kalyan Jewellers: The stock rose nearly 7% amid strong buying interest. It took support of its 20-DMA and volume is found to be above average.  After plunging initially, the stock witnessed strong bounce back and is currently trading at day’s high. It is likely to see a positive opening in the next trading session. 

Aster DM Healthcare: The stock made a V-shaped recovery today as it rose over 6%. The volume recorded today was massive, and the stock has crossed above its 20-DMA.  It has formed a strong day candle and is trading at day’s high. With such positivity, it is expected to open gap-up in next trading session.

Caplinpoint Laboratories: The shares gained over 5% in Tuesday’s trading session. After consolidating at lower levels for the past few days, it has seen strong buying interest emerging. The volumes continued to be elevated. With abo is price, the second key factor is the pattern, and last but not least is the combination of momentum ve-average volume and positive price action, the stock has a higher chance to open positively in the next trading session.

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