Superstar stocks for tomorrow!

Superstar stocks for tomorrow!

by 5paisa Research Team Last Updated: 2022-12-13T06:05:51+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 will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow.

Divis Lab: The stock rose about 5.06 % on Friday and was one of the top performers of Nifty 50 stocks. The stock traded firmly in green as the pharma stocks traded higher due to the virus concerns. It had corrected significantly and was trading at undervalued levels.  Huge volume was recorded after a long time, and it closed above 20-DMA indicating short term bullishness. One can expect this stock to trade strongly for upcoming days too, as pharma stocks are under limelight.

Sanofi India: The stock is quite volatile today as it is making swings in either direction. The stock is a decent 0.72% up when the market is bleeding. The volume recorded today is 4-fold its previous day’s volume showing participation at bigger level. The stock is under consolidation and today’s move might just be the start to an uptrend as it trades above all its key-moving average. The stock gained some strength as we see that RSI jumped to 53. Expectations for an uptrend is high and the stock is attractive for short term.

Welspun India:  The stock zoomed over 4% today and closes above its 20-DMA. The stock witnessed the buying interest after a long time since it was in the correction mode from few days. The RSI has jumped from 28 to 53 and looks that stock is ready for a reversal. Considering the price action with the bigger volume, the stock is ready for an up move and traders must include this stock in their watchlist.

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