The Outperformers

June 2, 2022

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 the chart to enlarge the view.

In our last post, we looked at ITC

Mahindra & Mahindra has been making a frequent appearance this week in our scans as the stock continues to scale new heights. The strength is clearly visible in this stock and the price is demonstrating the same. The price broke out above its resistance since we first mentioned it and is now trading above 993. The indicator too is in bullish territory adding weight to the positive view. We are looking at a follow-through coming from a close to 4-year base breakout. We are bullish as long as the price trades above the crucial level of 993, with a target close to 1,455.