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
Listen icon

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.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Polymatech Electronics: ₹1,500 Crore IPO for Semiconductor Expansion

Polymatech Electronics, prominent semiconductor chip manufacturer based in Chennai, is gearing up for significant financial move with plans to launch₹1,500 cr initial public offering (IPO) by end of year. This IPO, double size initially envisaged, signifies company’s ambitious expansion strategy in semiconductor industry.

Vodafone Idea Sets Floor and Cap Prices for FPO Amid Market Speculation

In a major development, Vodafone Idea Ltd. has revealed the floor price and cap price, alongside the lot size, for its upcoming follow-on public offering (FPO). The telecom giant witnessed a decrease of more than 3.25% during early trading on Wednesday, settling at ₹12.51, thus holding a market capitalization exceeding ₹61,000 crore.

Bondada Engineering Share Price Surged by 1423.2%, Know Why?

Bondada Engineering, standout in integrated infrastructure sector, witnessed extraordinary surge in its share price, soaring by impressive 1423.2% since its debut on BSE SME platform in August 2023. Investors who were part of IPO allocation saw significant gains, potentially earning 18.3 lakhs in just over eight months.