Hi everyone,
Few weeks before i had a look on this new function of moneycontrol where they show delivery and traded quantity of the stock and they also represent it in graph form which give us a better view. This help us to know the psychology of mass, as when there is increase in delivery of the stock as compared to previous days we get an indication that traders are positive on the stock and there will be a positive movement in this stock. For example i was tracking the stock of Dish TV and price was falling from 1st week of october and delivery quantity was also increasing. I avoided the % of delivery to total quantity as it was same on an average but in term of volume it was increasing.
http://www.moneycontrol.com/deliverable-volumes/dishtv/DTV
Then i had a technical look at the chart of the stock and found that this stock can take a support 70 according to Fibonacci retracement. after taking the support at 70.33 this stock made a change in the trend and turned bullish, even though the market sentiment was not so good but still this stock sustained the upside movement and made a high of 75.85 on 31/10/12. So if u are trading for short term this tool can be useful for trading tool.
This is just for educational purpose which i found worth sharing. I would suggest to follow this tool and understand before using. Will be eager to understand more on this from your side if u get to know more about how to use this tool much better. Thanks!
Source: Moneycontrol.com
Few weeks before i had a look on this new function of moneycontrol where they show delivery and traded quantity of the stock and they also represent it in graph form which give us a better view. This help us to know the psychology of mass, as when there is increase in delivery of the stock as compared to previous days we get an indication that traders are positive on the stock and there will be a positive movement in this stock. For example i was tracking the stock of Dish TV and price was falling from 1st week of october and delivery quantity was also increasing. I avoided the % of delivery to total quantity as it was same on an average but in term of volume it was increasing.
http://www.moneycontrol.com/deliverable-volumes/dishtv/DTV
Then i had a technical look at the chart of the stock and found that this stock can take a support 70 according to Fibonacci retracement. after taking the support at 70.33 this stock made a change in the trend and turned bullish, even though the market sentiment was not so good but still this stock sustained the upside movement and made a high of 75.85 on 31/10/12. So if u are trading for short term this tool can be useful for trading tool.
This is just for educational purpose which i found worth sharing. I would suggest to follow this tool and understand before using. Will be eager to understand more on this from your side if u get to know more about how to use this tool much better. Thanks!
Source: Moneycontrol.com
