Mahindra
How to Spot next leader ? Auto sector NSE:CNXAUTO
Relative strength compared to Nifty 50 - NIFT Auto clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while Auto is on uptrend.
Now look for stocks which have better chart pattern than NIFTY Auto.
These are going to perform better once NIFTY 50 turn positive. Some examples.
1) NSE:M_M
2) NSE:MAHINDCIE
3) NSE:APOLLOTYRE
MAHINDCIE All time high brackoutThe chart show in the perfect price action of the share, this share is good for the long term
Best buy level on MAHLIFENSE:MAHLIFE has been corrected 50% on Fibonacci levels. It will be best risk and reward option to take entry for upside.
My entry level will be 384 with stop loss of 360 (24 Points)
My expected target will be 402 & 421
Note: This is my personal analysis, only for learning.
Thanks.