As we all know about the News about Infosys, But If we check Infosys ADR then there was something which was not really good. Curious Case of 4 Doji and Above Average Volume.
Overall Doji attracts very less volume in market, as there is no proper trend due to Neutral trend of Doji, But here in Infosys ADR case 4 Consecutive Doji was there with Market fluctuation of only 20-30 cents per day but volume was nearly double of Average Volume.
- 15th October : Low High Difference = 26 Cents, Average Volume = 14.8 M, Actual Volume = 41.2 M
- 16th October : Low High Difference = 20 Cents, Average Volume = 15.8 M, Actual Volume = 29.2 M
- 17th October : Low High Difference = 24 Cents, Average Volume = 17.3 M, Actual Volume = 37.3 M
- 18th October : Low High Difference = 12 Cents, Average Volume = 17.7 M, Actual Volume = 22.6 M
In my 10 Years Experience there are rare event in market when 4 or 5 consecutive Doji bring heavy fall in one particular asset and If volume is above Average in all these Doji then We can say something is cooking and it’s an “Insider Job”.
Here we can’t say about coincidence as above average volume in small fluctuations is always point towards 99% Insider Job and 1% coincidence. Chart Attached Below.
Same thing was there in DHFL, That time i was trading DHFL and consecutive 5 Doji with above average volume pointing towards something cooking in the stock and i sold my trading shares at 610 booked loss of 9% and after that stock tanked by 42%. I know there is nothing to compare DHFL with INFOSYS, but when you get same thing again and again and after that Bad news is there and stock tanked by 15% in Infosys ADR and 42% in Dhfl. 
In Infosys ADR there was Head & Shoulder Breakdown, Same Pattern was forming in our Market, In our Market Infosys Failed to give Breakdown but In Infosys Adr Breakdown was there on 16th October. Very quick Breakdown was there and Yesterday night Target also achieved.
Not comparing anything with DHFL, Infosys is a good company, Board will give clarification about the whistle-blower news, it’s better to wait for proper news to buy some shares, People will try to catch falling knife because Good Dividend of Rs 8 is also there tomorrow.
