LTTS
What will be the High Probability Target in this counter?LTTS ready for Upmove
I am an amateur trader and not a professional trader. so, please verify at your end before initiating a trade in this counter.
Please comment if I need to observe some more important things.
LTTS - volatility contraction pattern observed#LTTS
CMP 1652
Long suggested above 1680.
Stop 1600
Target Open
#VCP
#Volatilitycontractionpattern
LTTS - WATCHLIST STOCKLTTS
CMP 1293
Underlying trend is evidently up with stock above 50/150/200 ma with all MAs upward sloping.
Stock currently in consolidation phase with buying happening at upmoves within consolidation zone.
Buying suggested ONLY IF STOCK MOVES ABOVE 1390 LEVELS WITH GOOD VOLUMES.
Once buy gets triggered, Stop should be at 1280 and Target for the stock is 1600 plus, which can be trailed.
Fundamentally, the last 4 quarters have been showing a very good trend in key performance parameters.
The low float of the stock (18.5%) is a big advantage as a breach above the Buy Pivot Level could amplify the upward momentum.
YoY - J17q / S17q / D17q / M18q
Sales 2.45% , 9.47% ,19.58%, 29.85%
OP -16%, -12%, 2% , 22%
NP -9.26%, 9.92%,16.48%, 64.87%
NPM - inreased from 12% to 15% from M17q to M18q
Free Float - 18.5%
Promoter - 82.5%
