During the week, Gillette India jumps 6.37% with more than its average volume to hit a record high. The stock is constructively trading above its 50-DMA and has a strong buyer demand of A which indicates huge demand for the stock.
2 Replies to “Chart Of The Week – Investor’s Face Glazes With Gillette India”
Comments are closed.
Can you explain how you are saying this stock has huge buyer demand ? This stock had less than 6000 volume on Dec 8 and not much most of the other days. Just wondering why you said great demand.
Hi Prajeesh, thank you for the comment. You have rightly spotted that Gillette India’s daily trading volume is around 6,000 levels. However, buyer demand looks at the accumulation or distribution witnessed by a stock over a period of last 13 weeks. As a result, a stock that witnesses heavy-volume buying compared to its 50-day average volume will have a higher Buyer Demand rating. Buyer Demand or Accumulation/Distribution rating ranges from A to E with A being the best.