Technical view by Nooresh

Ushdev International …. Delivery Volumes 5-20% for an unknown stock :)

Ushdev International:

The fundamentals of the company look ok but what hit me was that the daily traded volumes of the company were the same irrespective of the price moves.
The stock as such is unknown in the market and the delivery volumes are only 5-20 %. Thats surprising that majority of the trades in the day are intra-day.
People would attribute this to black ka white and circular trading :)

Article by Nooresh Merani

Nooresh has written 2532 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 3 comments… add one }
  • S.Ravi February 12, 2010, 14:27

    Take a Look at Kwality Diary 1 year chart mother of all circular trades from 10 bucks to 1,400

  • pulkit February 13, 2010, 03:41

    i am regular visitor of ur blog and found very useful for retailers.
    I found ur posts with 'jagore' attitude not only target and stoploss.
    And this post is best example.
    I want furthure guidence that how can u distinguish intra volume and delivery volume. From where i can get only delivery volume data not combining with intra.
    Pls. Continue to Guide the retailers.

  • avinash February 13, 2010, 05:26

    its not advisable to buy this stock is it cause then we will be at the sole discretion of the promoters and the people manipulating the stock prices


Leave a Comment