LTTS India - Good Results in generally pessimistic scenario

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.

评论:

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

评论:

Still doing nothing - continue to hold

交易手动结束:

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