Why do we say that if a stock has higher delivery percentage it will rise
The logic I know behind this is that people are buying and holding stocks
But if you look the other way around people are also getting rid of the stock permanently
Thats why, do research
Well I guess, if delivery increasing with increase in price also then stock is in demand.
So one can buy & hold.
Same goes with selling. If delivery increasing but price is getting reduced everyday then market big participants are unloading & may be only retail is buying.
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Kind of same as OI
on point…
High delivery percentage show that market participants are showing interest in that stocks…
Now you have to see whether it is buying pressure or selling pressure…