The Outperformers

September 5, 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 Eicher Motors.

Today let's take a look at a chemical stock that's making waves.

Pidilite Industries has been looking to break out for a while now, and we finally have it! The price broke out above the resistance zone of 2,750. The price had attempted to move past this level on two occasions in the past but failed.

With bullish momentum in the indicator panel, a strong relative strength move coming through, and an 8-month base breakout, Pidilite seems to be doing it right by the checklist!

We are bullish as long as the price trades above the risk management level of 2,750. The target to track would be 3,405.