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Mentorship

The Bottom List

16 Sep 2020 ‚óŹ 04:23 AM

On the Long short report got a request for the bottom end of the Relative strength list. Caviat - this is a list of performance and not trend. The lowest on the list simply went up less than than the market. This allows us to focus on the strong but does not mean the weak will fall. An independant study of each stock is needed before you have a view of your own. 

What is apprent from the list is I can see a lot of stocks from the Oil and Gas sector including the OMCs, and then PSU banks. Can laggards pick up at some point? Sure if markets keep rising eventually everything gets a bid, but maybe when they do like last time it will be the last push effect. Here are the bottom 20 on the 60 day RS for F&O stocks. Yes Bharti is also here.

PUNJAB NATIONAL BANK 0.9925
BANK OF BARODA 0.9922
HDFC 0.985
COAL INDIA 0.9834
BATA (I) 0.9762
CONTAINER CORPORATION OF INDIA 0.9757
CANARA BANK 0.9633
LIC HOUSING FINANCE 0.9621
INDIAN OIL CORP 0.9597
TATA CHEM 0.957
GAIL (I) 0.9492
MRF 0.9393
UNITED SPIRITS 0.9126
HIND PETROLEUM 0.9094
BHARTI AIRTEL 0.9024
PETRONET LNG 0.9022
SHREE CEMENTS 0.901
ONGC 0.8676
MAHANAGAR GAS LTD 0.834
INDRAPRASTHA GAS 0.8221

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