Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 5, 2021.

superstar stocks for tomorrow!
by 5paisa Research Team 04/10/2021

Watch out for these stocks, Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, SAIL, NTPC, Can Fin Home.

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 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, it will help traders to spot the superstar stocks for tomorrow at the right time!.  

Here are the superstar BTST stocks for October 5, 2021.

SAIL: The stock of SAIL has gained nearly 4% on Monday and was seen trading near the day’s high. 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 the daily time frame has marked a fresh 14-period high. Meanwhile, on the hourly time frame, it’s in bullish territory. The stock can probably test levels of Rs 123 followed by Rs 125 on the upside, while on the downside, support is seen around Rs 116.80.

NTPC: The stock of NTPC has hit a fresh 52-week high on Monday. The stock has jumped nearly 5%. The stock has formed a bullish candle and it has been trending high with the formation of higher highs on the lower time frame and volume activity is seen picking up in the last hour or so. The daily volume so far has already surpassed its previous day volume and it is greater than its 20-days average volume. 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 151.5 followed by Rs 154 on the upside. On the downside, the level of Rs 144 is likely to act as immediate support for the stock.   

Can Fin Home: The stock has hit a fresh all-time high with a bull wide range bar. Interestingly, the stock has seen its highest single-day volume since September 23 and in addition to this, the volume is greater than its 20-days average volume. 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 750 and immediate support for the stock is placed at Rs 690.

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