Identifying sectoral tailwinds will need you to be clued in to the markets. If you are tracking the sector fundamentally then you need to monitor sectoral companies over a period of time and see how and when things are changing for the better. This needs dedicated homework.
On price action front, when a lot of stocks from a particular sector start showing strength, after having gone through troubled times, that is the sector to focus on. And keep track of that sector.
Here it is important to note that some sectoral tailwinds can last only a few quarters, and some will last longer and we need to be able to differentiate between these to develop a strategy to ride these.
It’s beyond the scope of this thread to elaborate on this topic. We have discussed these things off and on on this very thread and on the 52 weeks high thread. You can also go through a few books on investing to get a better idea on this topic. Names of these books too have been mentioned in this thread earlier.
Manappuram chart is not a classical cup and handle pattern. Regarding what is a good entry point etc you can go through the various technical analysis threads on valuepickr and keep updated with them.
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