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Distribution

 
India

Distribution is the opposite of accumulation: large holders selling into the market. This screen lists stocks on the Bombay Stock Exchange with Chaikin Money Flow (20) below -0.05, On Balance Volume trending down over 20 days, price under its 50-day moving average and relative strength in the bottom 10% over about three months. These are names to avoid on the long side or to consider for short setups. Prices are in Indian rupees, and the list covers BSE-listed stocks with at least 50 million rupees in average daily trading value.

Screening formula:
exch(bse) and type(stock) and advol(21) > 50 and rs(68) < 10 and cmf(20) < -0.05 and obv trend_dn 20 and price < sma(50) and sortby(cmf(20)) and show(cmf(20) as cmf)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Cmf
 SUZLON.BO 
Suzlon Energy Ltd
Specialty Industrial Machinery
Industrials
BSE
Large
 527,175  37.58  1.1 3.02 7,638,662  -0.2536
 POLICYBZR.BO 
PB Fintech Ltd
Insurance Brokers
Financial Services
BSE
Large
 478,042  1,011.05  14.05 1.41 150,481  -0.2441
 VISL.BO 
Vedanta Iron and Steel Ltd
Steel
Basic Materials
BSE
Mid
 111,368  29.12  0.64 2.25 2,325,632  -0.1748
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