Hello All,
Has anybody seen how "Gulf Oils" has flown in past two weeks!
Supratik had recommended it last year and we exited it at around 900. After that, it kept on going up and had touch 1700.
But, after the deep correction in the markets it had come down to 800 levels and now it has breached 1400 mark! I don't know what news is making it up go like this. Going by previous experience, this will not stop till it hits previous high - that is 1700+.
I have bought this in little quantity and hoping that it will take us to new highs. But, be careful before entering this. It is a very volatile counter and can go with double the speed in opposite direction also.
Supratik, what is your suggestion on this?
Thanks,
Narendra