As per below Table,3 very large transactions have helped ACL to pass it's all time high and achieve Rs 128 mark
First large transaction enabled ACL to acheive Rs 125 mark.
Second one helped ACL to cement that level
With the help of 3rd large transaction ACL achieved Rs 127 mark.
These 3 transactions accounts for 50% of the Total transaction volume
These should be HNWI's or Institutional buyers.
What does it mean?
1) These 3 transactions must have aborbed most of the selling pressure that can from Short term traders, therefore which is a healthy situation for a further run.
Ex - ACL crossed the Rs 120 mark comfortably due to the bulk purchase by a large party (few days ago), which helped ACL to stand at Rs 120 level without facing much selling pressure
2) Most probably these big buyers can be medium to long term who will not exert immediate selling pressure (unlike Traders)
3) These parties could be aware of the september earnings or information which public do not have access (i.e, Availability of insider information)
As per my observation, This share is in a better position to pass Rs 130 mark in this week
Increases the possiblity of achieving Rs150 mark
|3rd Large Transaction||11:14:35||127.00||102,645||5.40||18||Buy||102,745|
|2nd Large Transaction||11:04:09||125.00||37,300||3.40||10||Buy||54,449|
|1st Large Transaction||11:01:19||125.00||2,080||3.40||2||Buy||86,526|
|Remaining Volume Traded||258,149|
|Total Volume Traded||501,869||243,720|