LT always one of the most preferred companies for long term investment.But as the investment scenario in India is weak and LT also didnt look much attractive in current scenario to initiate long term position.
But with last weeks close happening in support region,dont expect any immediate bounce backs because Nifty Index also struggling to break above 7500 over couple of weeks.There can be many outcomes from current levels,
1) Consolidation for next 3 month (till March)
2) Breakout above support if it post strong results beating expectations
3) A trend continuation down, if results are bad or not as expected
My Personal view is stay out and watch what happens in coming weeks until we get clear signal.
If you have any opinions / suggestions post it below
Give a thumps up for analysis which keeps me going & Share More :)
Plan well Before Investing....
But with last weeks close happening in support region,dont expect any immediate bounce backs because Nifty Index also struggling to break above 7500 over couple of weeks.There can be many outcomes from current levels,
1) Consolidation for next 3 month (till March)
2) Breakout above support if it post strong results beating expectations
3) A trend continuation down, if results are bad or not as expected
My Personal view is stay out and watch what happens in coming weeks until we get clear signal.
If you have any opinions / suggestions post it below
Give a thumps up for analysis which keeps me going & Share More :)
Plan well Before Investing....
One of the examples about how to do Shortterm investments ( Keeping view on charts n considering future Macroeconomic scenarios like Results ).
As per our analysis we predicted two ways for LT to move in future 4 months before and LT was kind enough to follow the Method 1 (describe in our chart)
I hope you guys are enjoying some profits :)
We shud always feel humble by successful trades.