Superstar stocks for tomorrow!
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.
Cipla: Cipla was going through a consolidation phase and it was nearing its support at 200-DMA. Today, the stock broke out from its narrow range of 900-925 and rose about 2.5% on the trading session of Monday and is among the top gainers of Nifty 50. Today’s price action movement will play an important role for Cipla as it tries to close above its 50 and 100-DMA. The stock was in green throughout the day and witnessed huge buying in the latter half of the session. The demand from the bulls is evident from the fact the stock has witnessed above average volumes.
Bata India: Bata India is trading near its all-time high and we could see a breakout from here on. The stock is up 3.12% on Monday with good volumes. The stock is trading firmly in green throughout the day. The volume witnessed today was greater than the 10-day daily average volume. A strong green candle on the hourly timeframe was witnessed towards the end. The RSI is in the bullish territory on the hourly, daily, and weekly time frame. The stock looks attractive for the BTST trade.
Ashok Leyland: Ashoke Leyland gained a decent 1.7% on Monday, as it outperformed the benchmark indices. The stock is nearing its all-time high levels of 160 and could possibly test it soon. RSI shows good strength in every time frame. It has witnessed decent volumes and strong buying during the last hour of the session, which suggests that it can still be an interesting trade for the coming days.
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