Nifty has recovered 59% from the lows but this sector has recovered 85% from the lows. While Nifty is 4% away from its highs, this sector is 30% away from its highs. This means it still has room to perform 47% from the current levels.
For investment purposes every dip can be considered as buying opportunity.
Following charts look better.
This is just a personal opinion based on my technical approach to financial markets. Consult yourself or your financial advisor for further details.
Posting some example charts foo this week