kunal_finner

Strong name for weak markets - LTTS India

Largo
kunal_finner Actualizado   
NSE:LTTS   L&T TECHNOLOGY SER
Markets are weak in general. DXY going up, Asian markets going down. However the global scenario changes on a dime these days - and China has been a train wreck in slow motion for months if not years.

Indian equities still the place to be - might make sense to stick to strong names. I like LTTS because
  • Strong results - mid cap IT name unlike the Infy, TCS majors - has a differentiated product
  • Technically formed a big base (darvas Box) - before popping out after results
  • Clear lack of supply in the name as volume is drying up

Again - a small position makes sense in these kind of markets, once the markets turn back up (if!) - would go to a full position in LTTS, if its still holding above the box at 4200
Cheers

PS - This is not a solicitation to buy but merely an idea i have. Please do your own research before committing any of your hard earned capital.
Comentarios:
If taking a small position - this is a signal to add
Operación activa:
You should now be at your full position size here - whatever it may be (10 shares, 100 shares, 10000 shares etc)
Comentarios:
Continue to hold a full position - ur full position cud be 10 shares or a 1000 - totally depends on u. But we are at max here now

Best advice ever - Cut your position size by half.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.