Relative volume is important for day traders.
It can tell you if a stock is trading low, high, or average volume.
As a day trader, I want stocks that are trading high relative volume. Ideally due to a catalyst or stock promotion…
And the relative volume indicator can help you spot high-volume stocks quickly.
I don’t use a lot of indicators in my trading. But new traders can find indicators useful when they’re learning.
So let me break down the relative volume indicator (RVOL) for you in this post…
What is relative volume? I’ll explain. I’ll also show you how to use a relative volume scanner, and I’ll give you the relative volume calculation.
What’s the Relative Volume Indicator (RVOL)? Relative volume (RVOL) is an indicator that tells you when a stock is trading low or high volume compared with the average volume over a specific time frame — usually five days, 30 days, or 60 days.
RVOL is expressed as a ratio.
Stocks can trade high relative volume or low re..
The overall markets are slowing down this week’s biotech penny stock action.
They were all in the red to start the first two days of the week. But I still made some good trades while trading safely.
You must know when to push it and when to be more conservative in your trades. The ugly overall markets are muting spikes and bounces. So adapt your trading plans accordingly.
While some of the stocks on this week’s watchlist aren’t moving big right now, all it takes is a BS press release to spark some action. Be ready.
These sketchy stocks run on speculation and hype. So I’m watching them for potential catalysts with huge volume.
As always, I won’t force trades. I’m committed to staying focused on my best setups.
I’m taking profits quickly and cutting losses even quicker. Adjust your expectations for every trade. Go for singles, not home runs.
Here’s the top biotech penny stocks list … I’ll show you what’s on my radar and why.
I’m VERY happy with my roughly $6k profit so far this..
Penny stock volatility is key to my trading strategy. But it’s also counterintuitive…
On one hand, it increases risk. But volatility also opens up opportunities. It lets me trade more conservatively and still take the meat of the move.
In this edition, I’ll compare three volatile plays from last week. And I’ll review my biggest winning trade — an extremely volatile supernova with a twist.
Keep reading to see what I mean. First…
Karmagawa Proudly Announces Two New Schools When Mat Abad and I teamed up to create Karmagawa, we agreed education should be a priority. The opportunity for an education made everything we do possible.
Many children in Bali don’t own even one book. The libraries are often run down and in need of work. The books are old. It’s uninspiring. Which is why I’m SO proud to announce the opening of Karmagawa’s 25th and 26th projects with the Bali Children’s Project.
These schools will inspire hundreds of children to learn. And that will expand their future opportun..
ITI Ultra Short Duration Fund Details ITI Mutual Fund has launched Ultra Short Duration Fund on 19th April 2021. It is an open-ended ultra-short term debt scheme. During the NFO period, the offer of units of Rs. 1,000 each and continuous offer for units at NAC based prices.
As of SID, the scheme may suitable for investors who seek regular income over the short term. Besides, the investors should consider your principal investment should at low to moderate risk.
The NFO closed for subscription on April 20, 2021. Further, the scheme will re-open for continuous sale and repurchase on or before April 30, 2021.
Basic details of NFO: NFO Name ITI Ultra Short Duration Fund Subscription Period April 19, 2021 – April 20, 2021 NFO Type Open-ended debt scheme Benchmark NIFTY Ultra Short Duration Debt Index Fund Manager Vikrant Mehta Besides, the ITI MF NFO will have two plans direct and regular plans with a common portfolio and separate NAVs. Under these plans, the offer available in growth an..
Aditya Birla Capital share price rises 6% after subsidiary files DRHP for IPO Aditya Birla Capital share price rose 6 percent in the early trade on April 20th. After the company’s subsidiary filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offer.
Moreover, Aditya Birla Sun Life AMC Limited (ABSLAMC), a material subsidiary of Aditya Birla Capital, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offer. By way of an offer for sale of shares of ABSLAMC, company said in its release.
On the other side, Aditya Birla Capital Limited (ABCL) has approved the sale of up to 28,50,880 equity shares of the face value of Rs. 5 each held in ABSLAMC out of the total paid-up share capital of 28,80,00,000 equity shares, it added. While, Sun Life (India) AMC Investments Inc, the joint venture shareholder in ABSLAMC. Approved the sale of up to 3,60,29,120 eq..
ACC Q1 results: Net Profit increased by 74.20% (YoY) to Rs. 563.00 Crores ACC Q1 results: It is formerly known as the Associated Cement Companies Limited, which is one of the largest cement producers in India located in Mumbai. Whereas the company works under the subsidiary of “LafargeHolcim”. In 2006, the name of the Associated Cement Companies changed into ACC Limited. The present chief executive officer (CEO) & managing director (MD) of the company is Sridhar Balakrishnan.
Meanwhile, on Tuesday, April 20th, the shares of the company plunged almost 1% in the stock market. The main reason for this the company reported its Q1 results for the financial year 2021-22. The companies standalone net profit increased by 74.20% Year-on-Year (YoY) to Rs. 563.00 crores during the quarter ended on March 31st, 2021.
Moreover, the companies total revenue from operations increased by 22.70% YoY to Rs. 4,213.00 crores as against Rs. 3,433.00 crores in the same period last year. The company profits..
The share price of Aurobindo Pharma rises as Nifty strengthens Aurobindo Pharma Limited is a pharmaceutical manufacturing company headquartered in HITEC City, Hyderabad, India. Shares of Aurobindo Pharma Ltd. gained 3.32 percent to Rs. 997.6 in Tuesday’s trade as of 10:10 AM (IST). The stock hit a high price of Rs. 1006.1 and low of Rs. 975.05 during the session.
Moreover, the return on equity (ROE) for the stock stood at 16.84 percent. Traded volume on the counter stood at 10:10 AM shares and turnover at Rs. 9.56 crore around that time. The stock of Aurobindo Pharma Ltd. quoted a 52-week high price of Rs. 1023.1 and 52-week low prices of Rs. 525.05, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.06.
Promotor/FII Holding; Promoters held a 48.86 percent stake in the company as of 31-March-2021. While overseas investors held 24.37 percent and domestic institutional investors has 8.84 percent.
Key Financials; The compa..
IEX launches cross-border power trading IEX: The Indian Energy Exchange (IEX) is an Indian electronic system based on a power trading exchange regulated by the Central Electricity Regulatory Commission (CERC).
On the other side, IEX, India’s largest energy exchange, on Monday kicked off cross-border daily electricity trading on its platform. A move that brings New Delhi’s vision of integrating its neighborhood into a South Asian power grid as a means to improve energy access in the region a step closer to reality.
While Nepal is the first country to put a day-ahead call on the exchange for power from NTPC Vidyut Vyapar Nigam, a subsidiary of India’s largest power producer NTPC. Cross-border daily trading will unlock the potential of a regional market that could stretch as far as Myanmar. As a surplus country, India is well placed to serve as the regional electricity trading hub.
This is a first-of-its-kind initiative for the exchanges to expand their power markets. Beyond India to ..
Stocks to watch on April 20th: ACC, Bajaj Consumer, Tech Mahindra, Macrotech Developers Stocks to watch on April 20th: On Tuesday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last session of the market. The Sensex is trading above 48,200 levels and nifty trading above 14,400 levels in the stock market. The Sensex gained 301.08 points with a 0.63% increase and reached 48,250.44 levels. While the nifty gained 94.30 points with a 0.66% increase and reached 14,454.15 levels.
On the other side, the number of coronavirus cases in India on Tuesday, April 20th reached 1,53,21,089 with almost 1,80,530 deaths.
ACC Limited: On Monday, the company reported its quarterly results for the financial year 2021-22. The companies consolidated net profit increased by 74% to Rs. 563.00 crores as against Rs. 323.00 crores in the same quarter last year. While the companies total revenue during the quarter increased to Rs. 4,213.00 crores as against Rs. 3,..
The top stocks to watch today are missing some puzzle pieces.
That doesn’t mean there won’t be trading opportunities. But it does mean you should be extra cautious.
I always teach about the importance of multiple indicators lining up before a trade. And in this slower market environment, that’s more important than ever.
When there are less-than-ideal setups, traders may start to force trades on sub-par setups. Don’t bother.
Save yourself the frustration and headache.
Watch the stocks on today’s watchlist, but wait for multiple indicators to line up. Only trade your ideal setups.
Here’s my list of the top 10 stocks to watch today.
10 Stocks to Watch for Tuesday, April 20, 2021 Remember, this is a watchlist, not a ‘must trade’ list. I’m not always right, and I don’t trade everything I watch. That’s why you should never blindly follow or buy anyone’s stock picks — even mine.
But there’s always something you can learn.
Watch out for patterns that fit your strategy. Always have a ..