LTTS India - Good Results in generally pessimistic scenario

2023년 5월 31일

Midcap results have been far better than the large caps like TCS and Infy. The midcaps are more in their niches and the revenues / profit growth is mid teens to 20s. Their margin profiles heave stayed steady. Persistent & other mid caps have already rallied close to life high. One stock that maybe next is LTTS (L&T Technology Services)

1. Supportive picture with a nice base forming - esp after results
   
2. Volatility compression happening (also calls have got very cheap)
   
3. Could rally through to the next results cycle - analysts generally have a negative view of this stock - which could cause re rating
   
4. Stock historically has seen better days - expect it to get closer to 4500 by next results cycle
   

Buy Stock for 6-10 weeks cycle. Keep the stop loss at -2 ATR level around 150 bucks. Buy ITM calls for the people who are shorter term - however dont expect super action very soon.

2023년 6월 9일

노트

Its come back to the 21 EMA - am doing nothing as of now. However if it closes firmly below the 21 EMA - i will issue a stop loss and you should cut the trade

2023년 6월 20일

노트

Still doing nothing - continue to hold

2023년 6월 26일

매매 수동청산

Markets are not conducive to being long. Exit and wait for better time