Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 8, 2021.
Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, United Spirits, Wockhardt, Persistent Systems.
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 8, 2021.
United Spirits (Mcdowell-N): The stock has registered a fresh all-time high on Thursday as it has jumped 4%. The stock formed a bullish candle and it is seen near the day’s high. Interestingly, almost two hours are remaining in Thursday’s session and the stock has already surpassed the volume of its previous trading session. The RSI on an hourly basis is in the bullish territory, while on the daily and weekly time frame it is in super bullish territory. The stock can probably test levels of Rs 932 followed by Rs 945 on the upside, while on the downside, support is seen around Rs 884.
Wockhardt: The stock has jumped nearly 5% on Thursday and moreover, the most striking point for this stock is that the stock has seen a huge spurt in the 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 hour or so. The 14-period RSI is in the bullish territory on hourly and daily time frame. The stock has the potential to test levels of Rs 499 followed by Rs 508 on the upside. On the downside, the level of Rs 450 is likely to act as immediate support for the stock.
Persistent Systems: The stock is on verge of a breakout of horizontal trendline. The stock has already surpassed the volume of its previous trading session. 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 3880 and immediate support for the stock is placed at Rs 3730.
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