The Outperformers

September 22, 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 Pidilite .

Let's take a look at this week's scan selection.

We have Mindtree here which has been one of the strongest performers not just in the market in general, but also in IT.

The price seems to have moved past an important level at the 685.4% Fibonacci extension. With this breakout, the next levels begin to shine through.

The stock has been an excellent wealth generator and continues to display strength even now. Take a look at the indicator. It has barely left the bullish momentum territory. With this positive setup, we're thinking that another leg of the rally is on the cards.

We are bullish above the risk management level of 4,295, with a target near 6,550.