The Outperformers

October 7, 2022

The Outperformers is our custom-made scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for significant 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 outperform the market, these stocks outperform their peers within the same sector.

Click on the chart to enlarge the view

In our last post, we looked at Pidilite Industries.

Today let's take a look at a Telecom stock. That hasn't happened in a while, huh?

Bharti Airtel has finally breached its resistance of 760. What's more, is that it has also managed to sustain long enough to confirm the breakout! While we did see an impressive multi-year breakout in 2021, the price has been moving in a sideways range for over a year!

There were multiple attempts to break out around 760 but to no avail. With the price moving past this level and the indicator moving into bullish market territory, this is definitely a name to track!

We also have a new 2-year high in the relative strength chart, bolstering the bullish thesis.

We are bullish above the risk management level of 760 with a target close to 1,100.