Yes your observation seems to be quite correct. Along with huge volume, Deliverable quantity percentage on last day was 59.2 % which is very good.
tksthathachari
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@architarhit, Yes..the price is now 577..Breakout from the triangle will confirm the upward movement and also operator entry in the stock..I will still wait for 520-530 levels for buying this scrip.
tksthathachari
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Even though the chart is looking weak for HDFC Life, a huge volume of 21.4M was traded on 24th October and an almost bearish inverted pin bar was formed. I think there has been an operator entry in this scrip and it may bounce back from these levels.. What are your opinions regarding this?