As per the Auto Index chart, it is consolidating in a downward diagonal channel, but there are companies in auto sector, (industrywise) which may outperform due to their strong fundamentals.
In Automobile Sector - Leading Companies Industrywise
1. AshokLeyland (Commercial Vehicle)
2. Jamna Auto/Automotive Axles (Auto Ancillaries)
3. VSTTractors/ Escorts (Tractors)
4. Maruti (Cars)
5. Eicher Motors /Hero Motorcorp (Motorcycles)
They above listed have consistent profits, good growth and almost no debt.
Good analysis neetesh, what is your view about Larsen and Turbo, Titan company after 26 July
I-Fund-Trader
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see I told you its coming down , and it came down
NeeteshJain
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@I-Fund-Trader, Thanks for sharing your views but I posted the Auto Sector chart to display all good companies in the sector that can outperform in this year.
I-Fund-Trader
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its coming down , No Questions in my mind its an sell on rise opportunity , its coming to 7400