The Outperformers

June 23, 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 Pidilite Industries.

What do we have this week?

We've said this before and we'll say it again - take notice when the same names come up in multiple scans.

Infosys was talked about in our monthly conference call just yesterday. But the stock has managed to pop up on our Outperformers scan as well! Times like these when multiple processes result in the same names, we take notice.

The market continues to be messy but certain pockets are performing well. IT is one such pocket, and within IT, Infy comes up. Notice how the indicator is flying away into the bullish momentum territory as the price moves higher. At a time when several large caps are displaying negative divergence, this comes as a welcome change.

Much like the market, Infosys too went through a messy phase but seems like it's ready to move higher.

We are bullish only as long as the price trades above the risk management level of 1,400. The target that we're tracking is 1,790.