High momentum stocks to watch for on September 30

High momentum stocks to watch for on September 30

by 5paisa Research Team Last Updated: Dec 11, 2022 - 02:44 am 14.5k Views
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Looking for stocks that could deliver good returns by September 30? 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 30.

Sun Pharma Advanced Research Company: The stock witnessed strong buying interest at lower levels after correcting for the past few days and has soared over 12% on Thursday. It has jumped over its 20-DMA, 50-DMA and 100-DMA and is trading at day’s high. The volumes have been massive, which suggests strong institutional buying. We can expect this stock to be strongly volatile in next trading session.

Mazagon Dock Shipbuilders: The scrip is trading near its lifetime high and has soared over 6% today. It has taken a support at its 20-DMA and has bounced about 9%. The volumes have been actively large, indicating good buying interest. We can expect this stock to be trending in next trading session.

PVR: The stock witnessed a V-shaped recovery on the larger timeframe and is up over 8% in just two trading sessions. The volume has been greater than 10-day average volume. It is back above its 200-DMA and is expected to see strong buying interest in times to come.

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