It has been a great bull market this year but it seems that's not the feeling among GMR Infra investors. The stock has lost all the gains it made pre elections.
GMR Infra Daily Chart
Nobody appears interested in the stock. From the highs of 38, the stock is down to 22 and with every passing day - more people will abandon the stock. It's very expensive to hold such a stock in an environment where other stocks are making new highs every day.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers