The Outperformers

June 10, 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 Asian Paints.

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

We had written about the strength in Chemicals a while back. Although the stocks paused for a short duration, we're seeing bounce backs and breakouts again.

This week in our Outperformers scan, Pidilite has made it through the list! The price closed above the resistance level of 1,990 over the previous week. With that in place, we have a breakout. The momentum indicator is back in the bullish territory.

Pidilite has been a strong name in this space and continues to display its strength as it breaks past resistances with relative ease.

We are bullish above the risk management level of 1,990, with a target near 2,650.