Five Stock Picks Offer Up to 16% Upside Potential as Markets Resume Friday Trading
Five stocks offer attractive upside potential of 7-16% as markets reopen Friday after Christmas. Jio Financial Services leads with 16% potential supported by Flag & Pole pattern, while APL Apollo shows Cup & Handle formation for similar gains. CEAT, Godrej Consumer, and Belrise Industries complete the list with strong technical indicators and fundamental strengths across diverse sectors.
*this image is generated using AI for illustrative purposes only.
With stock markets closed for the Christmas holiday, several brokerages have identified promising investment opportunities for Friday's trading resumption. Five stocks across different sectors are showing strong technical setups and fundamental strengths, offering upside potential ranging from 7% to 16%.
Jio Financial Services: Top Christmas Pick
Choice Broking has highlighted Jio Financial Services as their Christmas pick, recommending a buy at ₹300.50 with significant upside potential.
| Parameter: | Details |
|---|---|
| Current Price: | ₹300.50 |
| Target Range: | ₹335.00 - ₹350.00 |
| Upside Potential: | 16% |
| Support Level: | ₹285.00 |
The stock has demonstrated notable strength after consolidating within a defined range and forming a solid base, indicating steady accumulation and improving demand at lower levels. Technical analysis reveals a Flag & Pole pattern on the weekly chart, which typically signals trend continuation and suggests potential for an upside breakout once the consolidation phase ends.
APL Apollo: Strong Technical Formation
IDBI Capital recommends APL Apollo for a 3-6 month investment horizon, citing compelling technical indicators.
| Parameter: | Details |
|---|---|
| Buy Range: | ₹1,800.00 - ₹1,870.00 |
| Target Range: | ₹2,000.00 - ₹2,169.00 |
| Upside Potential: | 16% |
| Stop Loss: | ₹1,690.00 |
The stock exhibits a well-structured Cup & Handle pattern on the daily timeframe, a formation that often signals trend continuation after healthy consolidation. From a trend perspective, the price is trading comfortably above key short and medium-term moving averages, reinforcing the bullish outlook.
Additional Opportunities Across Sectors
Three other stocks present attractive risk-reward opportunities with solid technical backing:
CEAT shows recovery potential after recent corrections, with Angel One recommending a buy around ₹3,900.00. The stock has approached the 100 DEMA, while the 14-day RSI shows positive crossover and MACD signals indicate a potential turnaround, targeting ₹4,200.00-₹4,300.00 for 10% upside.
Godrej Consumer Products demonstrates rebound strength from the ₹1,120.00 zone, surpassing the 200-day SMA and indicating counter-trend onset. With MACD histogram showing buying momentum and EMAs approaching positive crossovers, the stock targets ₹1,230.00-₹1,250.00 from current levels around ₹1,170.00.
Belrise Industries, recommended by SBI Securities, offers 10% upside potential targeting ₹184.00 from the ₹165.00-₹169.00 range. The automotive components company benefits from leading market share in two-wheeler components, longstanding OEM relationships, attractive valuation, and expected growth from capacity expansion.
Market Outlook
These recommendations span multiple sectors including financial services, steel tubes, tyres, consumer goods, and automotive components, providing diversified exposure for investors. The technical setups suggest strong momentum potential as markets resume trading after the holiday break, with each stock showing distinct catalysts for near-term outperformance.
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
