The Outperformers

March 19, 2021

We debuted a new scan recently- The Outperformers.

The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.

The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.

Here is the list of The Outperformers that we sorted by way of relative strength. These stocks have been selected on the basis of inter-, and intra- sectoral performances. So while these belong to the sectors that are outperforming the market, these stocks are also outperforming their peers within the same sector.

Click on chart to enlarge view.

In our last post, we looked at JSW Steel & Mindtree.

Let's see what's popped up this week.

IT has been performing well and is expected to do so going forward as well. So this week we have another pick from the IT sector. Coforge has broken out above its former resistance of 2,850 and looks good for another leg of the rally as the indicator continues to display bullish momentum. The price has halted at this level before and we finally have a weekly close above it.

We are bullish above the level of 2,850 with a target near 4,160.

When the same names continue to pop up in different scans and analyses, we've got to take notice of it. While we shared Grasim as an actionable trade in our Conference Call as well, the inherent strength in this stock makes this name come up in varied analyses and scans.

Grasim is displaying strength on an absolute and relative basis, and that is something we do not push aside! We are bullish above levels of 1,300, with a target near 1,865.