I hope it wouldn’t be the case. Now that my portfolio has taken a severe hit, its only with options I could keep the show running. Let’s see what’s in store down the line.
Cheers
AK
Trading volumes were 14.52 crores. Of which about 5 crores were delivered. OI increased by 52%. That is a big issue here.
This share did give me profits. There is no doubt about it. Further, I observed this share on minutes charts endlessly for days together for a very long time, which I have not done with any other share. I learnt a lot on the minutes candles by observing movement in this share. I have documented many of my observations here.
Do you remember what happened to Infy when Vishal Sikka resigned? Do you remember what happened to Axis Bank when RBI forced them to disclose bad debts on their quarterly accounts? Those shares lost investor confidence and languished. Such shares do not move, get stuck in a range, and then, make sudden erratic moves. I am afraid, BEL is getting into that phase. On its result day it increased by Rs.10 in just 1 minute and then came off the very next day. Further, during last month it did slide from 120 to 115 over three days and recovered to 120 in just a couple of minutes. This 120~115 thing happened twice during last month. Big operators are in play. If this phenomenon shows up often, I cannot trade. I am a discretionary trader, and, if I fail in getting the pulse of the share, then I need to review and take a re-look.
Though, I spent lot of time studying this stock, I somehow believe that this may soon go off my list.