Steel Strips Wheels
Beaten down stock of the equally beaten down automotive sector. Despite good fundamentals & strong EPS, this stock has been mirroring the decline in its auto peers. However, price is currently at a historical demand zone and RSI is near the oversold region. Going by past data, the next move will decide the fate of this scrip. Note that the chart is of the weekly time frame which makes price action more significant.
Disclaimer: Views are for study only
Beaten down stock of the equally beaten down automotive sector. Despite good fundamentals & strong EPS, this stock has been mirroring the decline in its auto peers. However, price is currently at a historical demand zone and RSI is near the oversold region. Going by past data, the next move will decide the fate of this scrip. Note that the chart is of the weekly time frame which makes price action more significant.
Disclaimer: Views are for study only