Superstar stocks for tomorrow!

Superstar stocks for tomorrow!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 05:21 pm 45.2k Views

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.

SpiceJet: The aviation stock rose 4.65% on Tuesday as it approaches near its major resistance of 84. It witnessed the volume 1.5-fold its previous day’s volume indicating active participation from the institutions. Huge volume was recorded towards the ending hour of the session. The stock trades above all key moving averages, and the RSI is also strong at 68. We could possibly see the stock breaking its resistance with bigger volumes in the upcoming trading sessions. The stock bounced from the lower levels, and one should include it in their watchlist given the potential it has.

Greaves Cotton: The stock surged 7.79% on Tuesday. The 52-week high for the stock is Rs 180 per share and after today's stellar performance it is seen approaching towards its 52-week high price. The stock witnessed heavy volumes in the past few trading sessions. With RSI already above 64, it looks to gain some momentum. With the stock making a bullish engulfing pattern, one can expect the stock to be trading at even higher prices for upcoming trading sessions.

KPIT Technologies: The stock gained about 6% on the session ending Tuesday. It traded firmly in green forming a bullish engulfing pattern. Almost double the previous day’s volume was recorded today as it approaches its all-time high level of 500. In an open=low scenario, the stock looks bullish for the next day. The RSI is in bullish territory and the stock looks attractive for BTST trade.

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