Thanks for the feedback.
Our approach is fundamentals first, technicals later.
For example, in the case of Data Patterns ,Five Star and Pradeep Phospahte, we don’t have long term chart ,hence technical analysis can’t be done here.
Similarly techinical based approach can’t be applied on PR Analytics as it is very thinly traded stock ( mass psychology does not work here)
In case of Intellect and Asahi , we’re trying to bottom-fish.
In above cases ,we like the companies and find the valuation fair ( may be these would become attractive if the market keeps falling).
Sandur, Zee, Gravita, Tata Investment ,Eclerx- we find these reasonably valued as well as we like the story. And we checked these on technical basis also .
Equitas Holding – We like the valuation of the bank but you’re right that we bought holding company for the arbitrage.
Caveats
a) Technical structures can change anytime so go with position-sizing model . We buy in instalments as we get more confirmations ( and can exit too if the structure gets broken badly ) .
b) We have deployed only 30% available cash in current positions.
On certain stocks, we
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