anil Trivedi,
Super analysis.
Today stock traded below the Low of yesterday's High vol bar.
So, no point in going long just because the %Dely is High which NSE Patasala says bullish indication.
Suppose this High vol bar combined with High %Dely to traded qty happened to be Bullish bar, is it a buy signal?
Or ,it is also possible in the coming days the stock can go up also because of high %Dely after correction?
And what is yr call on
PFC?
Dear Rangarajan,
Thanks for your kind words...Just having high delivery % is no strength..it may have effect in short term, but in intermediate term spanning few weeks, it needs to be analysed what stock is doing after getting high % delivery...
For me, the sell off with huge volumes and
closing below months trading range is
bearish...
First we need to understand, high volume is due to institutions meddling in, so it carries significance...now institutions dont buy/sell in one day...there trade spanned over few days to weeks...
High volume up bar with high% delivery is no guarantee that its a bullish trend underway...if specially happening after good run, it will be under scan as 'Climax' bar...so the context is important where it is occurring...
Just remember one thing while analysing volumes, for every effort put in, you must get desired result...else it is something else going underway...