The Outperformers

March 31, 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 Coforge & Grasim.

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

Metals have been displaying resilience and one name that overshadows the others is Tata Steel. The stock has had a phenomenal recovery from levels close to 250 and looks like it's in the mood to continue this trend in the weeks ahead as well.

The price has broken out of a massive 10-year base! A quick peek at the indicator alludes to the structural strength that can be seen in the stock. The price has broken out of a long-term overhead supply zone at a time when the sector has been performing well while the broader market has been taking a breather.

We are bullish above the level of 793, with targets near 930 & 1,128.