1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Trading based on Volume and Delivery

Discussion in 'Technical Analysis' started by krasquinha, Dec 7, 2012.

  1. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    :scared:Hi All,

    What i have observed is some stocks which are at the support level and closed positive with good volume and if there is a good delivery quantity compare to the last couple of trading sessions these stocks are tend to move up without any market bias. ex: bharti airtel on 15 Nov Closed with 79,15,174 quantity. ( not the percentage of the total traded quantity) .... Please comment....


    Regards,
    Kiran
     
    krasquinha, Dec 7, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Exactly. When there is lot of buying near the support does mean that support would hold but that does not mean you should be buying into that support zone but once that support zone is confirmed. At least that is what I do
     
    shabbir, Dec 8, 2012
    Share #2
  3. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    Thanks Shabbir.
     
    krasquinha, Dec 8, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    The pleasure is all mine.
     
    shabbir, Dec 8, 2012
    Share #4