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 the chart to enlarge the view.

In our last post, we looked at M&M

The market continues to grind lower as we speak. As of today's closing, Nifty50 has breached the support zone of 15,450-15,500. With that, the index has marked a new 52-week low. The market sentiment is risk-off, and hence there are barely any names holding up above their support zones. The name right at the top of this list is Mahindra & Mahindra which came through in different scans as strong on both an absolute and a relative basis. As of now, the price is still holding on to the levels mentioned in this post. But with the market sentiment at present, there is no new buy recommendation to make from this list. Not until we see some stability come through.

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