Sudarshan Chemical Industries broke out of an 11-week long consolidation base pattern in today’s session. The stock witnessed massive buying interest, sending it 9% higher on more than 9x the 50-day average volume.
Daily Big Picture – Market Secures Fourth Straight Session of Gains
Today’s Action:
Major indices extend gains; broader market depicts mixed performance.
Daily Market Review:
India’s benchmark indices continued their good run, clocking gains for the fourth consecutive session.
Despite weak global cues, the major indices opened on a positive note but lost steam later on. Continue reading “Daily Big Picture – Market Secures Fourth Straight Session of Gains”
Chart Of The Day – Take Solutions Takes Off In Style
Take Solutions witnessed huge buying interest in today’s session. The stock broke out of a 22-week long consolidation base pattern and surged 11% to enter new high ground.
Daily Big Picture – Market Mood Remains Buoyant
Today’s Action:
Major indices pocket decent gains; rise for the third straight session.
Daily Market Review:
Frontline indices got off to a decent start this week, as both the Sensex and Nifty extended their winning streak to three sessions.
Despite weak global cues, India’s major indices opened in green and continued to climb higher as the day progressed. Eventually, both the indices brought home modest gains of 0.5%. Continue reading “Daily Big Picture – Market Mood Remains Buoyant”
How to Gauge Demand for a Stock?
“Analysis of volume, or the number of shares of stock being traded, is a subject worth careful study. It can certainly help you recognize if a stock is under accumulation or distribution. Once you acquire this skill, you won’t have to rely as much on the personal opinions of analysts and experts. Big volume at major points is indispensable.” – William J. O’Neil, MarketSmith Founder
If you ruminate on why the price of a stock goes up, or for that matter the price of any other good or service, the answer is obvious. It depends on the demand.