Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 12, 2021.
Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, HDFC Bank, State Bank of India and ICICI Securities.
Many times 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 the 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 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, will help traders to spot the superstar stocks for tomorrow at the right time!
Here are the superstar BTST stocks for October 12, 2021.
HDFC Bank: The stock has jumped over 2% on Monday and surpassed its previous high of Rs 1641, which was hit in February 2021. The stock has formed a bullish candle and witnessed a breakout of horizontal trendline along with a good surge in volume. Interestingly, almost two hours are remaining in Monday’s session and the stock has already surpassed the volume of its previous trading session. The RSI on an hourly, daily and weekly time frame is in the super bullish territory. The stock can probably test levels of Rs 1675 followed by Rs 1684 on the upside, while on the downside, support is seen around Rs 1626.
State Bank of India (SBIN): The stock has gained over 2% on Monday and it is on the verge of a breakout of ascending like triangle pattern, which is a bullish continuation pattern. The 14-period RSI is in the super bullish territory on hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 484 followed by Rs 492 on the upside. On the downside, the level of Rs 462 is likely to act as immediate support for the stock.
ICICI Securities: The stock is on verge of a breakout of horizontal trendline. The stock has already surpassed the volume of its previous trading session. Interestingly, the huge volume spurt is seen in the past one hour of trade. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 845 and immediate support for the stock is placed at Rs 765.
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