Delivery-backed breakout
A 20-day high where more than 55% of the volume was actually delivered.
Most breakouts get traded and not bought. Volume spikes, the day closes strong, the position is flat by the bell. Requiring delivery above 55% on the breakout session filters for the ones where the buyers kept the stock, which is the difference between a level that holds and one that fades.
More delivery:Delivery surgeQuiet accumulationSustained deliveryDistribution warningChurn without conviction
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.