Rather, there may be short covering in the last week. Maybe more in the last 2 sessions.
Parallel channel on the monthly chart shows an interesting pattern. Doesn’t look like it’s going to have a runaway spike anytime soon. Until the trend itself gets changed - For which we would need some great news to make a change in the fundamentals.
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Thanks for sharing both of your observations. I think collection of such thoughts give value to the thread. This thread is now more of "Where could BEL go from here" rather than "Sridhar's Trading Diary"
Let us track just one or two stocks and get a feel on those scrips. That could give an edge in trading. Just my opinion, though.
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