When the larger trend is strong, stocks in overbought territory tend to continue perform and stay buoyant in the face of any setback.
The management asserts that strong demand uptick will bolster the travel industry.
Around 1.05 million equity shares representing 4.3 per cent of equity changed hands in two bulk deals on the BSE, the exchange data shows.
A moving average, trendline, or gap-up breakout needs to have sparkling volumes to provide gradual rise
Investors wary of taking long-term positions to avoid large losses
Market players say the overall volumes have been on the rise as the market has become quite volatile
Banking, refineries, information technology, telecommunications, pharmaceuticals and mining have seen a substantial fall in the average monthly delivery volumes from their March 2017 level