Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 13, 2021.
Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Tata Coffee, Canara Bank and IDFC First Bank.
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 13, 2021.
Tata Coffee: The stock has jumped nearly 5% on Tuesday as a result it has formed a supersized bullish candle along with a surge in the volumes. The volume for the day has already surpassed its previous trading session and it is the highest since October 6. The RSI on an hourly, daily and weekly time frame is in the super bullish territory. The stock can probably test levels of Rs 234 followed by Rs 240 on the upside, while on the downside, support is seen around Rs 218.
Canara Bank: The Nifty PSU Bank is the top performer among the sectoral indices on Tuesday. The stock of Canara Bank is among the top two performers from the PSU Bank index. It has jumped over 4.5% on Tuesday and as a result, has formed a sizable bullish candle along with a surge in the volumes. Interestingly, almost two hours are remaining in Monday’s session and the stock has already surpassed the volume of its previous trading session. 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 190 followed by Rs 194 on the upside. On the downside, the level of Rs 180 is likely to act as immediate support for the stock.
IDFC First Bank: The stock has formed a strong bullish candle on the daily chart and the volume for the day is greater than the last three trading sessions. The RSI on the hourly chart has witnessed a loud move and it has entered into bullish territory, while on the daily chart it has made a fresh 14-period high and surpassed the previous swing high. The stock has the potential to test levels of Rs 51.60 and immediate support for the stock is placed at Rs 48.
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