Hitesh Bhai, What are your views of delivery %age vis-a-vis stock price movement? Do you look at it for any buy/sell “decisions” on your short-term bets?
Example:
The price of Tejas Networks increased nearly 30% in the highlights sessions, whereas the delivery percentage was visibly and relatively lower (last column). To me, it seemed like in the grips of traders/speculators and the price is not sustainable in the short term. But as they say, a little knowledge is a dangerous thing so I do not want to read too much into this.
With a hesitation to clutter this thread, I am posting this here. There is no meaningful thread I could find for such topics. Would appreciate your thoughts on the patterns pls.