Techno funda includes technicals as well as fundamentals. Usually in bull runs in fancied sectors (ones which last a few quarters to 2-3 years) valuations often take a backseat. The run up atleast in the early stage happens only on a narrative. At these times, its difficult to take a call based purely on TTM earnings. There has to be some extrapolation/projections.
An example where I was able to board the bus was stocks like HBL, Usha etc. But in stocks like railway stocks, most defence stocks, the technical picture was quite encouraging, but fundamental picture was not clear and hence I was not able to participate in the upmoves.
I try to take big bets where I can visualise the business growth in good technical set ups. Sometimes it works the other way round too…
| Subscribe To Our Free Newsletter |
