High momentum stocks to watch for September 09!

High momentum stocks to watch for September 09!

Indian Market
by 5paisa Research Team Last Updated: Dec 13, 2022 - 03:46 pm 16.1k Views

Looking for stocks that could deliver good returns till September 09? 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 09.    

Indian Bank: The stock formed a higher high and higher low on the daily technical chart. After surging over 6% on Thursday, the stock has hit a fresh 52-week high level. The volume has been above average and greater than the 50-day average volume. With the stock trading at a day’s high, we can expect a gap-up in the next trading session.

Birla Corporation: The scrip is in a strong uptrend, having bounced about 14% in just 4 trading sessions. This week, the stock registered a breakout from its falling trendline and has recorded huge volume. The volumes have been above average for the past 4 trading days. Such positivity is likely to attract traders in the upcoming trading session.

Metropolis Healthcare: The stock made a major swing low 2 days back and has surged over 7% during this period. The volumes have been huge lately, and the stock has jumped above its 20-DMA. The technical parameters suggest improving strength in the stock, and it is expected to see a positive opening in the next trading session.

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