Idea – TVS Srichakra
Starting with tyre sector stocks that did well recently with companies trading at their All-Time High levels.
Apollo Tyre – Looks like the leader in the current upmove and in a steady uptrend for quite some time now.
Ceat – Broke out of a Multiyear base on good volumes and now trading at ATH.
JK Tyre – Stock broke out of a good multiyear base and is trading at ATH.
MRF – Recently broke out of a good base and is now at ATH.
TVS Srichakra – Looks like a good risk-reward bet at the current price near the convergence of averages with a downside of 2800. Recently broke out of the downward sloping trend line and can catch up with peer companies subsequently breaking out of good multiyear base above 3700.
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