Investment in BSEL Infrastructure can double your money

As can be seen from the chart BSEL Infrastructure deflated from 55 to below 10, investors who bought in at 55 suffered a loss of above 80% if they exited the stock at below 10 Rs. The misery of the investors who bought in at the all time high of above 118 and are still holding it could not be expressed in words. Anyways after hitting a level of below 10 Rs, the return on investment given by the stock to first time investors who bought in March 2009 beat the return on investment which the index gave. Loss from 55 to below 10 stands at above 40 and when the stock traded at 28 in June 2009 it covered 50% of this loss. The Stock again traded in the red and almost gave away its 50% value to trade at 15 in July 2009. The stock has traded between the levels of 15 to 23 from that point onwards.

You can notice from the chart that the stock which saw a accelerated deflation of prices from 22 to 17 and 19 to 15 is slowly losing it momentum. While deflation in prices from 22 to 17, 19 to 16 took place in matter of days, A move from 17 to 15 , consumed much more time then the first three downmoves, the stock seems to taking support at 15 Rs levels and might hit 19 which would be our target 1, 23 our next target 2 in a matter of days. Since the June 2009 top of 28 has not been tested that levels could be our last target.