CompoundingGain

Towers for communication needed in the Future?

Long
NSE:GTLINFRA   GTL INFRASTRUCTURE
Already done a 7.6X from .15 to 1.30

Now expecting this to come back down to test .75 and the 99 day MA.The reason i say this is that 12hr time frame it looks like a few lower circuits are in order. So going to keep an eye on this and may enter a tad before .

Short term Target 2.35 buy back 1.80

Shall be keeping an eye on this since it has a potential of reaching at least 28 in the mid term so might get quite a few opportunities to hop on for some upper circuits.

Its all time high is 100 something so 28 looks reasonable.

JP associates had a look earlier on is again pumping as well and in debt like crazy so thinking maybe an exit pump.( even if it is an easy 3X to be made but just make sure to hop off)

Will look into this later , quick glance and it looks like its not in a bad state , debt wise.
This company deals in towers infrastructure and i guess we will need them be it 4G , 5G etc...

Either way i think this is a safe bet since it is a good takeover candidate if they cant manage their finances.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.