i coudnt agree with you more but important thing is what levels.I see in this sector along with FMCG and pharmaceuticals like lupin and others being forrunner of this rally .The 20 day ema is 1535 and 50 days ema is 1486 and both the ema are crossing each other on negative side along with the price fall and volume rise.
The stock is now 1518.If the 20 days EMA again rises conclusively above the 50 days ema with rising volume it will be time to enter and nifty supports.Mruti is already in oversold category.your opinion is welcome.
regards
dhakak
As I said, I would like to wait for some correction before I enter into this scrip for investment. Also would like to see the market reaction to this result. Expectations were built up in this share since last few days for an excellent result.
Just my views.
dhakak: The EMA`s are not crossing over yet - but seem like they are converging. I guess one is within the standard error of others. Definitely they are not significantly different now. May be we should await for them to get substantial difference.
lion thanks for your inputs .I have ridden the stock and get out of it timely at 1636 .But i want it fir my portfolio .How to decide when to get in .wondering.I feel the auto setor will do well in this rally.
regards
dhakak
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