Who is actually behind the move
, delivery and momentum. The evidence under a price line.
What this track is for
This track is about the evidence under a price line: how much conviction was actually behind a move. It starts with delivery. That is the share of traded volume taken for delivery, instead of squared off the same day. You meet it twice, first as an explainer and then across a full worked dataset. Next comes a volume climax, where the largest volume of a move produces no more of it. It ends on momentum divergence.
Steps4Each says why it follows the last
You will be able to4Things to read and recognise
Comes afterThe first hourRead that track first
The track, in order
4- Delivery Accumulation: High Delivery % with a Stable PriceThe cleanest evidence of conviction in the cash market. It is the share of traded volume actually taken for delivery, instead of squared off the same day.Delivery percentage is the part of a day's traded shares that a buyer takes into a demat account. The rest is squared off the same day. When the share rises while price holds or firms, the data is consistent with a tilt toward delivery-based participation rather than intraday churn. That tilt is often discussed as accumulation. It does not reveal who is buying or why.
- Delivery Percentage Surge: An NSE Cash-Market Participation Case StudyWorked case studyThe same measure over a full worked dataset. It includes why a rising percentage can mean nothing more than intraday turnover drying up.Explain what the delivery percentage is. It is the share of a day's traded quantity. That is the part taken to demat delivery. Say that share rises while price holds or firms. People often read that as a tilt toward delivery-based participation. They read it as less intraday churn. One example cannot confirm the reason. Thinner intraday trading lifts the same ratio, with no new buyer arriving.
- Volume Climax: Exhaustion on a SpikeParticipation also spikes for the opposite reason. A climax is the largest volume of the move failing to produce any more of it.A volume climax is a candle with unusually high volume at the end of a move. The move then fails to continue. It often leaves a long wick and reverses. It reflects a burst of participation being absorbed. That burst may be profit-taking. It may also be a liquidity event. It is not a guaranteed top or bottom.
- RSI Divergence: When Price and Momentum DisagreeFinish with the measure people trust most and should trust least on its own. It is momentum weakening while price still makes new extremes.RSI divergence is when price and the Relative Strength Index disagree. For example, price makes a lower low while RSI makes a higher low. That is a bullish divergence, and it suggests downside momentum is fading. It is a momentum-context observation that needs price confirmation. It is not a standalone signal.
When you finish this track
Next track: Open interest: the four-cell map
Price and open interest together say whether positions are being opened or closed.
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Open the learning index →Traded Volume
Traded volume is the quantity that changed hands during a set period.
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