Will do!
Also just to mention the observation of what Ama mentioned about this stock moving on Fundamentals and not Technical’s.
I would disagree and say it is moving on both.
We have seen a weekly gain in PPS on no news at all and on low volume with lvl 2 showing, (as mentioned) 2:1 buying over selling.
I can say that Fundamentally ELTP is amazing and Intrinsic technical’s is also ramping up.
Technical’s is a tricky subject because usually this is a hind sight reading, but who wants to know about a good buy afterwards???
Point being is that technical’s will always be a intrinsic reading and therefore one must value these numbers to the X factor and this is why to this day we see companies be analyzed to the 11 to 22 “X” earnings.
This is also why PPS is such a “static” reading. If a president was announced on “Poll” numbers than why even wait for a vote?
So if a analyst weighed technicals such as PPS, debt, revenue, earnings, bottom line and left out intrinsic value then he would not have a job very long as he would only have this information statically.
To keep it simple…Ama is not giving ELTP fair value. I repeat no company is weighted on Technicals or Fundamentals alone. So it is unfair to say ELTP is only moving on fundamentals alone…