Comparing Nifty Auto to Nifty 50 on a weekly timeframe. There’s a bullish divergence between price and momentum. I’m looking for Auto stocks that have the same pattern along with failed breakdowns... What’s YOUR favourite Automotive stock?
The 2000s saw the Nifty outperform the S&P500
The 2010s saw the Nifty and the S&P500 correlated
The 2020s seem to be about the Nifty underperforming!
This Comparison is in local currency, but the dollar denominated comparison has seen the Nifty Underperforming for a while now.