techno_funda_guy

lt foods good for accumulation can expect 100 for long term

Long
NSE:LTFOODS   LT FOODS LTD
we see stock already corrected to 74 from 90.5 for here there is very very very low chance of going down good for accumlation we can see there are many dojis forming so 74 might be a great support and can see macd is getting strength
it may be a small cap but fundamentally it is good
so may not be available in this price again i think so
breakout may take time of 1-6 months or may happen soon
but by the time when nifty goes to 16800
it might reach 100 which is more than 25% return with very very down side risk
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Comment:
keep this stock in view of nifty 16800
Comment:
idea closed the next day itslef after i posted i short up 10%
Comment:
if still holding good for long term it has same valuations as tata coffee but in 2-5 y may come to that level as sector p/e differs

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.