Strong name for weak markets - LTTS India
Updated
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
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.
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.
Note
If taking a small position - this is a signal to addTrade active
You should now be at your full position size here - whatever it may be (10 shares, 100 shares, 10000 shares etc)Note
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
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