What exactly happened today? Market started off with ~12% upswing on very high volumes, but as the day progressed, it fell down and closed with mere 2-3% gain. As per Trendlyne data, there has been change of hands, Geranium Investments has sold ~37 lakh shares and Infinity Partners has bought ~41 lakh shares
Also, I think people who have been caught up here since a long time got an opportunity to off-load their “Coffee Can” stock after long period of frustration, which is what lead to day-close being significantly lower than day-high. I have recently picked up “Profiting in Bull and Bear Markets” by Stan Weinstein, and am trying to connect dots on the stage analysis framework for this counter, based on today’s action. Anyone one who has practised his methodology longer – can please shed some light?
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