Superstar stocks for tomorrow!

Superstar stocks for tomorrow!

by 5paisa Research Team Last Updated: 2022-12-11T05:44:52+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.

Torrent Power: Though stock has plunged about 1% on Monday, it has marked its all-time high today and receded from there. Interesting point to note that the stock has witnessed above average volumes compared to the last few days. The RSI is still bullish, and the stock is likely to continue the uptrend. Running strong since a few trading sessions, one might see the stock to trade higher in upcoming days. 

Indoco Remedies: The stock surged almost 5.5% on the trading session of Monday. It is trading positivity in the last three days and has gained a momentum. It has made a V-shape recovery with rising volumes on the daily timeframe. It is currently trading at 423 and can soon test its major resistance of 440. The demand from the bulls is evident from the fact the stock has witnessed volumes greater than previous day’s volume. it is expected that the stock will continue to perform on the upper side.

Idea: The stock is rallying like never before. It has gained as much as 42% in a matter of 4 days. Interestingly, volumes have been on a rise steadily. Rising volumes indicate active participation from the institutions. The RSI is in the super bullish zone and the stock remains an ideal candidate for BTST trade.

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