Something is Cooking in ABFRL(Aditya Birla Fashion Retail Ltd)

#ABFRL is trading at 195 after a gap down it has been trading in a range. At gap down it generated huge volume and traders took huge delivery that day. After that day we can see a huge delivery in the stock but stock is not moving much. We can see huge bars in the Delivery Quantity indicator. It looks like something this big is happening in this stock. Or some smart players have been accumulating the stock silently.

Here we can see that the average deliverable qty is 5,00,000 shares per day on average. But since the 8th may deliverable qty has god surged almost 20,00,000 to 30,00,000 shares. This is a huge jump in delivery qty. If we remove the 8th May data we will see a big bar on the 9th to 17th May data. Also for the last few days, the deliverable percentage got surged with huge quantity.

Today we are seeing huge volumes and delivery quantities as well. Today's deliverable quantities are 41.8lk shares and yesterday it was 38.22lk shares.

It clearly indicates that there are some traders who are expecting some big to happen in this stock in the near future. Today it is up by almost 2.5% but something big is pending in this stock. I am expecting 220 in this stock in the next few days.