Overnight Digest: Watch out for these trending stocks on Friday, November 26!
The markets staged a stellar comeback rally on Thursday after closing in red in Wednesday trading session. Some of the stocks however were seen outperforming the markets.
Following stocks will be in focus on Friday:
Upper Circuit Stocks: The shares of Inflame Appliances, JCT, BCG, Yasho industries, Latent View, Tata Tele, Lyka Lab, R Systems International, RIIL, Marshall Machines and Trident were seen locked in the upper circuit on Thursday. These stocks will be in focus on Friday.
52 Week High: The shares of GSK Pharma, Adani transmission and Adani Green were seen trading at fresh 52-week highs on Thursday trading session. These large cap trending shares will be in focus on Friday.
Price Volume Breakout: Aegis Logistics, Coffee Day Enterprises, Welspun Corp, La Opala RG, Prestige Estate and Laurus Lab are some of the trending BSE 500 index constituents that saw a price volume breakout in Thursday trading session.
Jindal Stainless (Hisar): The shares of Jindal Stainless (Hisar) jumped higher by ~4 per cent on Thursday. The shares managed to close above its short term 9D SMA average and close to its 20D SMA. A bullish engulfing candlestick chart pattern was formed in Thursday trading session. The shares of Jindal Stainless (Hisar) will be in focus on Friday.
Ador Welding: the shares of Ador Welding jumped higher by more than 8 per cent on Thursday. A bullish engulfing pattern was formed on Thursday even as the stock closed above its short-term moving average of 9D SMA and 20D SMA on Thursday. The shares of Ador Welding will be in focus on Friday.
Bullish Moving Average Crossover: The shares of Aegis Logistics and Nilkamal saw a bullish moving average crossover on Thursday. These two shares will be watched carefully by the investors and the momentum traders in Friday trading session.