Superstar stocks for tomorrow!
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 of the time 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 stocks for tomorrow!
National Aluminium Company:Metal stocks are back in reckoning on the bourses on Wednesday and among them, the top-performing stock is National Aluminium.The stock is trading with gains of over 5% and importantly the stock had witnessed an open=low scenario, thereafter it has been trending higher. The volume for the days has already surpassed its previous trading session volume. In addition to this, the stock has witnessed good demand from the bulls in the last half an hour of trade as price rise is accompanied by the huge spurt in the volume. The RSI on the hourly time frame has entered into bullish territory, while on the daily time frame it has surpassed its prior swing high. The stock can probably touch levels of Rs 100 on the upside. Given the highly volatile nature of the Metal stocks, one can maintain a stop loss of Rs 92.
Godfrey Phillips India:The stock of Godfrey Philips has hit a fresh 52-week high on Wednesday and witnessed a breakout of a flat base pattern. The flat-base pattern is 14-weeks long and it has a depth of nearly 13%. Moreover, the flat-base pattern breakout is accompanied by a huge spurt in volume and already surpassed its 20-days average volume. What’s more profound is that majority of the volume in the stock has been seen in the last one hour of the trading session, which signifies buyers’ enthusiasm for the stock. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to touch levels of Rs 1180 followed by Rs 1220, while immediate support is placed at Rs 1110.
IRB Infrastructure Developers:The stock has witnessed a breakout of the cup and handle like pattern which is accompanied by above-average volume. The RSI is in the bullish territory on the hourly, daily and weekly time frame. In addition to this on the daily time frame, the RSI has surpassed its prior swing high. The stock has the potential to test levels of Rs 195 followed by Rs 200 and immediate support for the stock is placed at Rs 180
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