High momentum stocks to watch on Friday

High momentum stocks to watch on Friday!

by 5paisa Research Team Last Updated: Dec 14, 2022 - 01:39 pm 30.7k Views
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Looking for stocks that could deliver good returns by Friday? 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 for Friday.

Godrej Agrovet: The stock has soared over a massive 12% today. With this, it has crossed above its falling trendline with huge volume. Moreover, it trades above all the kye moving average and technical indicators indicate bullishness. Supported by huge volumes, the stock is expected to trend higher tomorrow.

Crisil: The stock skyrocketed about 7% on Thursday. It has crossed above its prior swing high of Rs 3574.75 with above average volumes. Since its prior swing low, the stock has surged over 25% in just six trading sessions. With strong buying interest, the stock is likely to continue the momentum next trading session.

Asian Paints: The stock has jumped nearly 4% today. With this, it has crossed above its prior swing high of Rs 3222 and is trading at a day’s high. It is trading above all the key moving averages and has gained about 10% in a very short period. Moreover, the volume is found to be greater than the 10-day, 30-day, and 50-day average volume. With such positivity, the stock is likely to trend strong in the next trading session.

Also read: Low Price Shares locked in Upper Circuit on April 28

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