The Outperformers

October 23, 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 Bharti Airtel.

Today we're looking at the stock from an outperforming Automobile sector. TVS Motor had a multiyear base breakout in the quarter gone by. It has continued to outperform the Auto sector and the broader market.

Currently, the price has broken above the resistance from the critical Fibonacci extension at 1,137 with momentum in bullish overbought territory.

We're positive with 1,137 as the risk management level and target near 1,691.