The Outperformers

December 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.

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Today we have a stock from the FMCG sector that has made its way to the scan post. Britannia Industries is trading at an all-time high. The price broke out above the resistance zone of 4,317 and closed above it, in the week gone by. Notice that we're also getting a strong reading from the indicator- levels not seen since 2018! Remember that 2018 is when we saw global risk-on parameters rollover. It is therefore crucial to observe how price and momentum indicators react to such historical levels.

With this move, Britannia is poised to move higher towards 5,700, as long as the price continues to trade above the risk management level of 4,317.