Superstar stocks for tomorrow!

Superstar stocks for tomorrow!

by 5paisa Research Team Last Updated: 2022-12-13T19:02:41+05:30

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected 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 superstock 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 the 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 would help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow.

Timken: Timken has soared a massive 7% on a day where the market is red, and as a result, it has outperformed the broader and benchmark indices. The stock has taken out its all-time high with larger volumes and looks extremely strong. Moreover, the price breakout is accompanied by above-average volume, as the volume for the day has already surpassed its 20-day average volume. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to go even higher in the coming days.

Alembic Ltd: The stock of Alembic Ltd is seen outperforming on Thursday as it gained a decent 1.25% on a day where there is blood on the street. The stock witnessed buying at lower levels and gained about 4% from its lows. The demand from the bulls is evident from the fact the stock has witnessed above average volumes. Running strong since a few trading sessions, it is expected that the stock will continue to perform on the upper side.

Pidilite: The stock has witnessed good volumes after a very long time and has formed a strong green candle. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock could see levels of Rs 2550-2600 very soon.

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