The Outperformers

July 6, 2022

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 the chart to enlarge the view.

In our last post, we looked at M&M

Today we're taking a look at a stock from the FMCG sector. FMCG has been the dominant theme in the market and for good reason. We know that when there is uncertainty and the market is messy, it is FMCG that tends to act as a leading sector.

Britannia is the stock we're focusing on today. We took a look at ITC in our Trade of the Week post. The price has been making strong strides towards its resistance. With the indicator and relative strength pointing at a good move ahead, we're looking at 3,780 as the resistance to watch out for. A sustained breakout above this level could take the price higher towards 4,150. It is important to identify such moves as the broader market continues to churn. It is here that the trend is strong and in momentum.

We are bullish above the risk management level of 3,780 with a target close to 4,150.