NSE:BAYERCROP BAYER CROPSCIENCE
Bayer has outperformed the markets since the pandemic fall. although nifty continues to rise, bayer has been correcting for two weeks. there are two takeaways from this, 1. stocks rallying/breaking out now is late-stage and are highly probable to fail. 2. when leaders are pulling back and they start to turn around, you can say with high probability that another leg of the rally may continue. The leaders will always move first and pull back while the rest of the market catches up. so the focus should be on these kinds of stocks, to take low-risk entry points. During a strong uptrend stock usually respect their 50dma, so buying near the 50dma provides a good low risk opportunity.