High momentum stocks to watch on Friday!

High momentum stocks to watch on Friday!

by 5paisa Research Team Last Updated: Dec 12, 2022 - 09:59 pm 32.3k Views
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Looking for stocks that could deliver good returns by Monday? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.

Many times market 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 on Friday.

Indian Hotels: The stock has soared over 7% today. After a few days fo consolidation, the stock has gained a massive bullish momentum. With this, the stock has also recorded huge volume. The stock is trading at day’s high, and the stock is expected to be bullish tomorrow as well.

Welspun Corporation: The stock has surged over 7% on Wednesday. It has hit a fresh 52-week high of Rs 203.05 today. In the past five trading sessions, the stock has gained about 25%, thus demonstrating strong bullish momentum. Moreover, the volume record today is greater than the 10-day, 30-day and 50-day average volume. Thus, the stock is likely to expected to open gap-up tomorrow.

Ulfex: The stock has jumped over 6% today. It had been rising steadily and for the past few days and with today’s strong price action, the stock has hit an all-time high. On the technical chart, the stock has formed a strong bullish candle and has recorded huge volume during the process. Hence, we expect the stock to trend stronger tomorrow.

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