Delivery above its own norm
Delivery above its own 20-day average on eight of the last ten sessions, in a stock above its 50-day. Conviction measured against the stock's own habit.
An absolute delivery threshold treats a large-cap that always delivers 55% the same as a small-cap that suddenly does. Comparing each session's delivery to the stock's own 20-day average removes that. Counting how many of the last ten sessions cleared it turns a noisy daily figure into a pattern, and eight of ten is a fortnight in which almost every day's flows were meant more than usual. Above the 50-day, that reads as accumulation. It is one of the few scans on this site that only an Indian exchange makes possible.
More delivery:Delivery surgeQuiet accumulationSustained deliveryDelivery-backed breakoutDistribution warning
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.