Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 6, 2021.

Superstar stocks for tomorrow.

by 5paisa Research Team Last Updated: Apr 04, 2022, 02:10 PM IST

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, Bharti Airtel, Sumitomo Chemical, Hindustan Petroleum.

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 6, 2021.

Bharti Airtel: The stock of Bharti Airtel had formed an inside bar on Monday and after an inside bar formation, the stock formed a bullish candle, which is positive for the stock. Interestingly, almost two hours are remaining in Tuesday’s session and the stock has already surpassed the volume of its previous trading session, plus the volume witnessed for the day is highest since September 28. The RSI on the daily time frame as well as weekly and hourly is in bullish territory. The stock can probably test levels of Rs 720 followed by Rs 735 on the upside, while on the downside, support is seen around Rs 685.  

Sumitomo Chemical India: The stock has gained nearly 3.5% on Tuesday and with this movement, it has witnessed a breakout of a downward sloping trendline. Moreover, the breakout has been seen on the back of above-average volumes. The daily volume so far has already surpassed its previous day volume and it is the highest since September 27. The volume activity is seen picking up in the last one and a half or so. The 14-period RSI is in the bullish territory on hourly and weekly time frame, while on the daily time frame it has marked a fresh 14-period high. The stock has the potential to test levels of Rs 435 followed by Rs 443 on the upside. On the downside, the level of Rs 407 is likely to act as immediate support for the stock. 

Hindustan Petroleum Corporation: The stock has hit a fresh 52-week high and with this, it has witnessed a breakout of cup like pattern. Interestingly, the breakout has been backed with above-average volume and the volume so far is the highest since September 29. 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 330 and immediate support for the stock is placed at Rs 306

SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)
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SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)

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