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Afzal Lokhandwala: Viral Melodi trend drives stock to upper circuit despite long-term losses

Afzal Lokhandwala: Viral Melodi trend drives stock to upper circuit despite long-term losses
Melodi trend drives stock circuit

Afzal Lokhandwala, market commentator and trader at FinTwit / Social Media, observes that a recent trend involving Melodi news led a particular stock to hit upper circuits for two consecutive sessions.

Lokhandwala notes that despite this rally, the stock remains down about 99% from its all-time high. He raises the question of whether a viral headline should justify investment decisions, referencing a shared monthly chart for context.

Lokhandwala previously disclosed entering a long-term trade in TSLA at 421 following a private club discussion about the stock’s setup, according to his market update. He also issued the Chart Whispers Report 10.05, noting that Indian markets were advancing with improving breadth at the time of release in a separate commentary. These earlier observations track his ongoing engagement with market trends across sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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