The Outperformers

November 3, 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 ICICI Bank.

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

One sector that has seen a pick up in activity has been Infrastructure. Within that, we're looking at a construction stock today.

Also, keep in mind, we are looking at a monthly chart, so this is a slightly longer-term target to track.

We have here today Larsen & Toubro that has made its way to the selected stock in this scan!

We have a new all-time high on this particular stock and the strength seems to be coming through even now. LT looks like it's ready to move higher towards its next target as it continues to march on.

With the continuation of this positive trend, we're bullish above the risk management level of 1,530. The next target to track would be 2,330.