The Outperformers

May 26, 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.

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

Paints have been displaying a recovery and resilience that has been hard to ignore. We published a note about this in early April as well.

Asian Paints has come through in our Outperformers scan this week, as the stock moves past its interim resistance. The level to track here is 2,880. We are interested in Asian Paints only if the price remains above this level. The indicator is headed towards the positive momentum territory again. The support of 2,444 held its ground in the current market and that is a positive!

We are bullish above the level of 2,880, with a target near 3,430.