Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 18, 2021.
Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Kajaria Ceramics, MRPL and HAL.
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 18, 2021.
Kajaria Ceramics: The stock has logged a fresh 52-week high on Thursday and 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. The RSI on an hourly, daily and the weekly time frame is in the 'super' bullish territory. The stock can probably test levels of Rs 1353 followed by Rs 1365 on the upside, while on the downside, support is seen around Rs 1274.
Mangalore Refinery and Petrochemicals (MRPL): Shares of the company have rose by 4% on Thursday. The stock has formed a supersized bullish candle along with a surge in the volumes. Interestingly, almost one and half hour is remaining in Thursday’s session and the stock has already surpassed the volume of its previous trading session, plus it is highest since October 07. The 14-period RSI is in the bullish territory on hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 54.20 followed by Rs 55 on the upside. On the downside, the level of Rs 50.50 is likely to act as immediate support for the stock.
Hindustan Aeronautics (HAL): The stock has good action on Thursday as it has gained over 4% along with rise in the volumes. The volume for the day is highest single-day volume since September 21. The RSI on the hourly, daily and weekly chart is in super bullish territory. The stock has the potential to test levels of Rs 1517 and immediate support for the stock is placed at Rs 1418.
Start Investing Now!
Open Free Demat Account in 5 mins