Hi Vishal…One query, as I am learning and came across VCP and Minervini book recently.
The 2nd basic condition for VCP as well as overall momentum investing is the sector of the respective stock should also be in momentum.
But when i check hotel sector…
Indian Hotel seems to be in stage 3
Juniper hotels in stage 4
Mahindra holidays in stage 3…
Somewhere i read that the 50% upmove of stock is due to overall market and itse sector being in momemtum.
EIhotel is cleary in stage 2 and in VCP but its not from sector which is in momentum. That is the reason, even if I hold this stock in my PF, but have low confidence, which may prompt me to sell at any slight downfall. Please help me clear my doubt and pls say that I am reading it all wrong