Superstar stocks for tomorrow!
Looking for stocks that could deliver good returns till tomorrow, meet the superstar stocks for tomorrow which are selected based on a three-factor model.
Many of the time market participants see a stock opening with a gap-up and wish they should have bought this superstar 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 superstar stocks for tomorrow.
The superstar 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 pattern, and last but not the 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 superstar stocks for tomorrow at the right time!
Here it is.
Torrent Power: Torrent Power has jumped over 3% on a day where the market is red, as a result, it has outperformed the broader as well as the benchmark indices. The stock has witnessed a breakout of stage 1-c flat base pattern. Moreover, the price breakout is accompanied by above-average volume as the volume for the day has already surpassed its 20-day average volume and the volume activity has seen a sharp spike in the last one hour. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to reach levels of Rs 530 on the upside and the level of Rs 493 is immediate support for the stock.
Coal India: The stock of Coal India is seen outperforming on Tuesday as, on a day where there is blood on the street, the stock has rallied over 4% and interestingly, it has been amongst the top three contributors to the Nifty50 index. On Monday the stock had formed an NR7+IB pattern and on Tuesday, the stock opened with a gap-up and witnessed good demand from the bulls. The demand from the bulls is evident from the fact the stock has witnessed above average volumes. On the upside, the stock can test levels of Rs 180 and on the downside, the level of Rs 170 is seen as an important support for the stock.
Finolex Industries: The stock of Finolex Industries has witnessed an open=low scenario. Furthermore, the stock has witnessed a breakout of cup pattern accompanied by above-average volume. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock could see levels of Rs 214, and support is placed at levels of Rs 197.
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