Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 7, 2021.
The Bulls are facing the heat as Nifty slips into negative terrain and sheds almost 140 points from the days. Amidst, this we bring to you the top stocks to buy for tomorrow.
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 7:
Kajaria Ceramics: The stock of Kajaria Ceramic is seen outperforming the benchmark as well the broader market indices as it rose nearly 3% on Wednesday. The stock has formed an opening bullish Marubozu candlestick pattern carrying higher high and higher low as compared to its previous trading session. Interestingly, almost two hours are remaining in Wednesday’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 October 1. 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 1270 followed by Rs 1300 on the upside, while on the downside, support is seen around Rs 1220.
Sun TV Network: The stock is seen outperforming the benchmark indices as it has gained 1.5%. The daily volume of the stock has already surpassed its previous day volume. The volume activity is seen picking up in the last one and a half or so. The 14-period RSI has marked a fresh 14-period high on the daily time frame, and on the hourly time frame, it is in bullish territory. The stock has the potential to test levels of Rs 560 on the upside. On the downside, the level of Rs 529 is likely to act as immediate support for the stock.
Tata Consumer: The stock has registered its best single day in a long-time and it is seen trading near the day’s high. Interestingly, the stock has already surpassed its previous day volume and it is highest since August 23. The RSI is in the bullish territory on the hourly and weekly time frame. The stock has the potential to test levels of Rs 850 and immediate support for the stock is placed at Rs 817.
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