The Outperformers

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 chart to enlarge view.

In our last post, we looked at Tech Mahindra.

And in today's post, we're going to take a look at Pidilite Industries. The stock is exhibiting strength and this could be an area of increased interest going forward.

The price has been moving sideways for some time now. But we did see a tad bit of resolution in terms of direction. If this resolution continues to stay in place, then we could see the price inch higher in the weeks and months ahead.

The momentum has some catching up to do but is in positive territory as of now. We are bullish only as long as the price trades above the risk management level of 2,165. The next target to track would be 2,950.

This bottom-up scan helps us identify the stocks that are on the move as sectors continue to shuffle between strength and weakness.

Thanks for reading and please let us know if you have any questions.

Allstarcharts Team