deepanshujain
Long

Number game with GHCL

GHCL (NSE:GHCL)  
NSE:GHCL   GHCL
56 0 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
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out