I'm sure we use Tradingview to mainly do technical analysis...
ITC
is one such stock I feel will give us supernormal returns over the next 3-5 years solely on the basis of PE mean reversion. The business is debt free, has superb growth of free cashflows, and now with the recent budget, we know dividends are out of the question, the most likely outcome will be stock buyback.
We should accumulate ITC as much as possible before it climbs back to 225. But don't take it from me, look at the technical analysis as well
ITC
is one such stock I feel will give us supernormal returns over the next 3-5 years solely on the basis of PE mean reversion. The business is debt free, has superb growth of free cashflows, and now with the recent budget, we know dividends are out of the question, the most likely outcome will be stock buyback. We should accumulate ITC as much as possible before it climbs back to 225. But don't take it from me, look at the technical analysis as well