LTTS India - Good Results in generally pessimistic scenario

2023年5月31日

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.

2023年6月9日

註釋

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

2023年6月20日

註釋

Still doing nothing - continue to hold

2023年6月26日

手動結束交易

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