Short Term Count
TATAMOTORS has either bottomed out or may make a final dash down to 401/402 and then resume its journey upwards to minimum target of previous top. There is short covering seen in delivery volumes.
Target 437
Stop below 400
TATAMOTORS has either bottomed out or may make a final dash down to 401/402 and then resume its journey upwards to minimum target of previous top. There is short covering seen in delivery volumes.
Target 437
Stop below 400
Hourly
2 comments:
Sir,
May I know where do you get the information on the delivery volume for a stock and how are you comparing (on a day to day basis?)?
Thanks
Exchanges regularly publish gross deliverable stocks at the end of the day. This needs to be integrated with the price volume data. The delivery volumes can be analysed in similar way to volume analysis and there is one additional attribute to it which is 'percentage of delivery volume to Volume'. Higher the ratio stronger the signal.
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