Basilic came out of consolidation on 3 Jan 24 and ran almost 40%, which we were able to completely eat out and exit almost at top. Since then the stock has been consolidating in a
downward channel and waiting to breakout the channel.
Ashish Kacholia picked up stake in Dec 2023, so as at 28 March 2024, he is also sitting at
almost no P/L, if at all he is holding the stock till 28 March 2024.
Update 2/4/24 - Stock broke out of the downward sloping trendline. Consider building a position.
downward channel and waiting to breakout the channel.
Ashish Kacholia picked up stake in Dec 2023, so as at 28 March 2024, he is also sitting at
almost no P/L, if at all he is holding the stock till 28 March 2024.
Update 2/4/24 - Stock broke out of the downward sloping trendline. Consider building a position.