Satyam , A quite Storm !!

I am going to do some Analysis on Satyam this time .

Satyam is ready for some serious move on some side (hopefully upside). If we look at the 6 months chats , we can see that satyam is moving in a very narrow range from last some months , which gives us indication that on breakout , there will be explosive move .






Now , What about other internal things , Is there some serious buying happening ? Are people accumulating the stock ? We will see later . Let us look at volumes and prices once again

Volume : Volumes have dramatically decreased in last 2-3 months . Which gives the hint that lots of people are waiting to get into this stock , once prices show a clear trend . When it breaks out , There is a possibility that there will be heavy volumes .

Price : We have already seen , but lets see once again , the prices have been moving in a narrow range of 40-50 from last many months .
% Deliverable Stock : Now this is the main tool , It is the percentage of stocks which are actually delivered out of total stocks traded . from last many months its rising , which means that The stock is being accumulated by people . There is less speculation happening on this counter .




Conclusion : When a stock moves in a range for long time , it often explodes after that , once a stock is not on the radar of most of the people , its the best thing to buy , Everyone has forgotten Satyam these days , and often it indicates a good opportunity . If you buy this early it can be getting into the bus early , but you have to wait patiently for it to move .