Agreed. Because before market wide correction many stocks run to create a lower high. Loved the fact that you took a conservative approach.
johntradingwick
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@AdarshDey, Haha, thanks bro I really appreciate the thought but please don't waste your coins on me. I have to give them out either way. :D
AdarshDey
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@johntradingwick, No issues. I have earned coins from you only. Didn't found the way how to spend them. So dedicated the coins back to the donor only. Ha ha ha
Sonia-Singh
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Superb projection sir
singhbeh2022
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Nice setup!
chakraveer1104
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With due respect Sir , please throw your valuable views and relate the PE ratio of 60.50 of MTAR which is more than double that of Industry PE ratio of 27.63 and ROE of only 12.22 % to the future run of this stock ? Also the stock seems to be over valued 10 times of its Book Value .
johntradingwick
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@chakraveer1104, Hi, I am a technical trader and do not rely on the fundamentals. This is why I have not mentioned anything about the company's financials in my post. For me, Price is everything since it captures the expectations of all the market participants - technical analysts, fundamental analysts, managers, gamblers, etc.
Hope you got my point. Thanks!
chakraveer1104
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@johntradingwick, yes sir, I have . I totally agree with you and keep similar views. Moreover, we have many stocks in Indian market , which are fundamentally weak as compared to other stocks in the peer group, but still market value is very high as you said price is everything since it captures the expectations of all the market participants. Thanks for your valuable feedback .