https://www.edelweiss.in/Market/SectorPerf.aspx?day=W&type=NSE&idx=Nifty 50
ANIL'JI tyre will get 1st as it show highest gain this week....
ANIL'JI tyre will get 1st as it show highest gain this week....
Its not like that...you need to look into different timeframes...where it is moving...Is the sector already a big gainer in higher timeframes, then this rally need to be checked...If its just start of trend change, then this will gain over 1/3/6 months...
In tyres looking closely in Nifty-500, Apollo, Balkrishna, mrf, jktyre all are on positive gainers in all timeframes..while Ceat is going +ve over 1-week, 1/3/ month but still strugling on 6/12 months timeframes...so clearly stock is lagard in tyres...
Looking closely at Ceat, stock cleared 200 SMA, with volumes 4-days back...if fall sustains closer to 950-960 closer to 200 sma it can have some trade coming in...