As it is told ... Past Performance is no Guarantee of Future Return.
However, most traders keep on making the mistake of looking in the past and decide what to Buy and when. Mostly wrongly timing the Market.
This Textile Stock in India has gone up by more than 560% in last year. In comparison, Sensex went up by about 18% in the same period. Does it mean you should buy the Stock now?
Here is the 360° Analysis of this high-flying Stock to make that decision objectively. What is the Stock?
The Stock is Jindal Worldwide (JINW.NS)
Its Industry, Textiles & Leather Goods, is weakening as seen from CUE Edge Industry Rotation Heat-map. It is turning from cyan to magenta. Other Textile/Apparel Industries are also weakening in India.
What about its Fundamentals? Not good. Overvalued, as shown by CUE Vital Statistics.
And Technical Charts? That is not giving confidence to take New Long Position either.
It is better, it seems to stand aside and not take new long position, to protect profit in existing positions.
You might look for similar weakness in other Stocks in Apparel / Textile Industry and be cautious and protect your profit.