deepanshujain

Number game with GHCL

Long
GHCL (NSE:GHCL)  
NSE:GHCL   GHCL
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2
The company plans to buyback shares worth Rs.800 Million(Src: BSE-Moneycontrol) through open market at the ceiling price of 315 on 31st Jan.
In volume for 15 min chart, I see buying of 360K shares @ Avg price of Rs285.
285*360,000 ~ 100 Million
Implies volume for buying share worth 800 Million to be around 2Million(more).
CMP: 281

Experts please review this number strategy
Comment: No volume witnessed since the last move.
280 acting as a resistance level, 280+ it 'll move to 294-298 levels whenever buyback volume comes
Trade closed manually

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