Superstar stocks for October 01, 2021

Superstar stocks for October 01,2021

by 5paisa Research Team Last Updated: 2022-04-04T14:13:18+05:30

Looking for stocks that could deliver good returns till tomorrow, meet the superstar stocks for tomorrow which are selected based on a three-factor model.

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 are selected 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 stocks for October 01,2021.

Aditya Birla Fashion and Retail (ABFRL):The stock of ABFRL has hit a fresh 52-week high on Thursday and it has witnessed a breakout of horizontal trendline. Moreover, the breakout has been seen on the back of a huge spurt in the volume. The volume has already witnessed a threefold jump when compared to its previous trading session. The RSI on the daily time frame has marked a fresh 14-period high and it’s in bullish territory. Meanwhile, on the weekly and hourly time as well RSI is in bullish territory. Given the fact that the stock has witnessed breakout along with above-average volume, the stock can probably test levels of Rs 257-258 on the upside, while on the downside, support is seen around Rs 240.  

Dixon Technologies:The stock of Dixon Technologies is seen outperforming the benchmark indices as it has gained nearly 2%. The stock has seen a good spike in the volume in the last one hour of trade along with a price rise.The volumes for the day have already surpassed its previous day volume. The RSI has marked a fresh 14-period on the daily time frame and moreover, it is above the 60-mark and in a rising trajectory. On the weekly time frame as well, RSI is above 60 and on the hourly time frame as well it's above 60. The stock has the potential to test its previous high which is placed around levels of Rs 4735.On the downside, the level of Rs 4450 is likely to act as immediate support for the stock.

Amber Enterprises:The stock has formed a strong bullish candle and it has seen its best gains for a single day for a long time. Interestingly, more than 50% of the volume for the day has been seen during the last one hour of trade. Overall, the volume for the day has already surpassed its previous day 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 3450 and immediate support for the stock is placed at Rs 3150

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