Stock Price Is Expected To Rise In The Future

The share price of MRF has crossed Rs 60,000 mark for the first time this week. The MRF stock has given 489 per cent return in the previous five years. On the other hand, MRF is not the only tyre making the company, but it is also stock holding high stock prices in the market.

Even the share price of Ceat has gone up over 1,400 per cent in five years from Rs 84.95 to Rs 1,297.45. On 10 August 2017, the share price of Ceat is Rs 1,297.45.

If we talk about other tyre manufacturers than TVS Srichakrahas has risen by 959 per cent during this period, and JK Tyre is up 827 per cent, Balkrishna Industries487 per cent and Apollo Tyres170 per cent. 

For these stocks, good times have sustained throughout the year. 

Technical analysts consider strong replacement demand and falling rubber prices are helping the sector.

Use of technical indicators

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What traders must do to find the trend of the market

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