The Outperformers

December 31, 2021

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 chart to enlarge view.

In our last post, we looked at Bharat Electronics Ltd.

Let’s take a look at this week’s scan selection.

In the current market scenario, IT is the lone leader when it comes to a bullish stance. Within this sector, there are certain names that are outperforming the rest. We’re here to discuss one such name.

Tech Mahindra broke out above its resistance near 1,610 and has been displaying strength since. The price did halt at 1,670 for a bit but we’re seeing a resumption of trend again.

The price is almost halfway through its target but is definitely one of the stronger stocks in this sector. The indicator too is in the bullish regime, adding value to the existing bullish setup.

We are bullish above the level of 1,670 with a target close to 2,040.