Superstar Stocks: BTST Trading and stocks that could deliver good returns till November 11, 2021
Last Updated: 10th November 2021 - 02:33 pm
Looking for stocks that could deliver good returns tomorrow, meet the superstar stocks for tomorrow Avenue Supermarts, Bharti Airtel and Delta Corp which are selected based 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 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.
Avenue Supermarts (DMART): The stock has jumped over 2.5% on a day where the market has been volatile, as a result, it has outperformed the broader as well as the benchmark indices. The stock has formed a sizable bullish candlestick pattern. The volume for the day has already surpassed its previous trading session volume and the activity has seen a sharp spike in the last one hour. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to reach levels of Rs 5045 on the upside and the level of Rs 4770 is immediate support for the stock.
Bharti Airtel: The stock of Bharti Airtel is seen outperforming on Wednesday as the stock has rallied over 2% and interestingly, it has been amongst the top two contributors to the Nifty50 index. The stock is on the verge of a breakout of stage-2 flat base pattern, however, higher volume was witnessed on Wednesday indicating larger participation in the direction of the trend. The RSI is in the bullish territory on the hourly, daily and weekly time frame. On the upside, the stock can test levels of Rs 750 and on the downside, the level of Rs 721 is seen as an important support for the stock.
Delta Corp: The stock of Delta Corp has witnessed a perfect trending day accompanied by above-average volume. The RSI is in the super bullish territory on the hourly, daily and weekly time frame. The stock could see levels of Rs 321, and support is placed at levels of Rs 295.
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