Oriental Carbon and Chemicals Ltd

[manivannan.g]

Bull therapy 101-thread for technical analysis with the fundamentals

When OCCL announced buyback, the stock immediately rushed to the 1150 and stayed there itself, stayed like a dead dodo. Thanks to the daily buyback, which lasted for around 2months. Once the (only) buyer is gone, the stock has tumbled. [image] Over the last two+ months, they managed to buy back about 180,000 shares till Friday the 8th of Feb. The average volumes of this stock are a ludicrously tiny 4,000 shares a day, and typically a good portion of the volume has been because the buyer is, w…