Wycoff pattern is not too clear in Usha Martin. But for me, its a fundamental based buy. And with company doing regular concalls, there is a regular update on the progress of the company.
The bigger problem with Usha martin is the constant selling by Prashant Jhawar group companies. When this is overcome is anybody’s guess. My guess is once th company starts reporting blowout numbers ( ? Possible after the full impact of capex comes onstream? ) there can be some big ticket buying which can overcome this kind of selling.
@hitesh97 In case of extremely high PE stocks, if earnings delivers robust growth, its possible to make money. I don’t have the bandwidth to answer or think about too many hypothetical questions and situations.
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