i have seen l and t against index nifty 50.
its in nifty 50 index.
but as i was studying previous month charts i saw it was moving up while index with down or in sideways.
i know it is possible for a stock to go against trend but it remained there for many days.
what it signifies??
is it the symbol that stock is going to go down soon or what??
Nothing like that.
Please google and research on the concept called “Relative Strength”
If a stock is not falling even if market is down steeply - this means something is holding it up. So may be when market recovers it will skyrocket.(maybe)