How to Use Retail Driven Rally Reject Data
This page explains how to read and interpret the Retail Driven Rally Reject table. This filter is designed to identify stocks where price rallies are driven primarily by short-term participation without sufficient delivery-based support, increasing the risk of rejection or reversal.
Each row represents one stock for one trading day, evaluated by comparing recent price expansion with delivery quality over short-term periods.
Understanding Each Column
Symbol
The stock symbol as listed on the exchange (e.g., NSE). Each symbol uniquely identifies a listed company.
Date
The trading date on which the retail-driven rally signal was identified. All values in the row correspond to this specific trading session.
Close
The closing price of the stock on the given date.
- Represents the final market consensus for the day
- Used to assess whether the rally is being accepted or rejected
Volume
The total number of shares traded during the trading day.
- Reflects overall trading activity
- Volume is evaluated for quality using delivery data
Delivery Volume
The number of shares that resulted in actual delivery rather than intraday trades.
- Represents conviction-based participation
- Low delivery during a rally suggests speculative buying
Delivery %
The percentage of total traded volume that resulted in delivery.
- Low values indicate lack of holding intent
- Suggests the rally is driven by short-term traders
Price Change % (5d)
The percentage change in the stock’s price over the last 5 trading days.
- Positive values indicate recent rally behavior
- Without delivery support, such rallies are vulnerable to rejection
Recent Delivery % Avg (5d)
The average delivery percentage over the most recent 5 trading days.
- Shows short-term delivery behavior
- Persistently low averages confirm weak conviction
Previous Delivery % Avg (15d)
The average delivery percentage over the preceding 15 trading days.
- Serves as a baseline
- When the 5-day average remains below the 15-day average, conviction is declining
How to Read This Data Holistically
The Retail Driven Rally Reject filter should be interpreted by comparing price expansion with delivery participation.
- Strong price rise with low delivery indicates speculative demand
- Lack of improvement in delivery averages confirms weak rally quality
- Such rallies often fail near resistance or key levels
What This Filter Indicates
- Rallies driven primarily by short-term or retail participation
- Lack of conviction-based buying
- Higher probability of rally rejection or consolidation
What This Filter Does Not Indicate
- It is not a short or sell signal by itself
- It does not predict the timing of a reversal
- It does not override broader market strength
Important Notes
- This filter is especially useful near resistance or after sharp run-ups
- Retail-driven rallies can extend longer than expected in strong markets
- Always confirm with price structure and follow-through
Disclaimer: This information is provided for educational and analytical purposes only and should not be considered trading or investment advice.
Data Update Frequency
Retail Driven Rally Reject data is updated after market hours for each trading day. Delivery averages are recalculated using rolling short-term windows.
Summary
The Retail Driven Rally Reject filter helps identify stocks where recent price gains lack delivery-based conviction. It is best used as a cautionary filter to avoid low-quality rallies and to reassess risk near potential rejection zones.