4 Signs You Bought the Stock Late; RSAP Fell 31.2% After a Near 7x Volume Day (Tuesday, 10 November 2026)

This countdown has four signs you can see on the order board, each with one dated example from Sahmino's data. We picked the examples after seeing the outcome, so they do not represent the whole market, and no sign predicts tomorrow's price. Prices are traded closing prices in rials, through the session of 9 November 2026. For the behavioural mistakes of new investors, see Four Beginner Mistakes on the Tehran Exchange.

4. It had already multiplied

IRDR (Iran Daru) closed at 5,520 rials on 30 June 2026 and at 24,070 rials on 21 October: 24,070 ÷ 5,520 = 4.4 times in 113 days. Over the same span the Tehran Stock Exchange main index (TEDPIX) went from 5,127,635 to 8,173,767 points, a rise of 59.4%. On 8 November IRDR closed at 19,320 rials, its lowest close since 21 October: a fall of 19.7% ((24,070 - 19,320) ÷ 24,070), while the index fell 1.0% over the same span. Getting back to 24,070 from 19,320 takes a rise of 24.6%. The sign is not a timer: on 13 September IRDR had already multiplied 3.4 times, closing at 18,990 rials, and it rose another 26.7% by 21 October ((24,070 ÷ 18,990) - 1).

3. Unusual volume

On 11 October, RSAP (Rayan Saipa) traded 1,188,972,962 shares. The average of the 20 sessions before it, 13 September to 10 October, was 178,642,445 shares: 1,188,972,962 ÷ 178,642,445 = 6.7 times. The close that day was 1,969 rials, and the highest close of the run, 2,086 rials, came three sessions later (14 October). From that close, fifteen consecutive sessions each closed lower than the one before, down to 1,355 rials on 4 November: 31.2% below the 11 October close ((1,969 - 1,355) ÷ 1,969) and 35.0% below 2,086. High volume means many hands changed, not necessarily buying: on 11 October individual investors bought 1,087,467,598 shares and sold 1,159,577,976, a net sale of 72,110,378 shares. By 9 November the close had recovered to 1,473 rials, 8.7% above the 1,355 low and still 25.2% below the 11 October close.

2. A long buy queue

ISLZ, on Farabourse, went from a close of 3,590 rials on 22 August to 9,170 rials on 20 October: 9,170 ÷ 3,590 = 2.6 times. In 27 of the 35 sessions that traded in this span, the open, high, low and last price were the same number: the board was locked at one price instead of finding it from both sides. After the peak, 13 consecutive traded sessions each closed lower than the one before, and 11 of them were single-price sessions again. The close on 9 November was 6,340 rials, a fall of 30.9% ((9,170 - 6,340) ÷ 9,170). A queue works in both directions: the same lock that made entry hard makes exit hard.

1. Good official news came out

Gostaresh Sookht Sabz Zagros (SHGS) published its six-month statements to 22 September 2026 at 18:37 on 21 October, after that day's session had closed (Codal tracing number 1617525). In the unaudited standalone income statement, operating revenue was 25,806,028 million rials against 6,353,673 million a year earlier (up 306%), and net profit was 5,344,012 million rials against 2,163,922 million (up 147%). The same statement shows 3,220,290 million rials of the 5,596,813 million rials of operating profit, or 57.5%, came from the "other income" line. The close on 21 October was 3,029 rials. In the next session, 24 October, SHGS traded only at 2,940 rials and then closed lower nine sessions in a row, to 2,403 rials on 3 November, 20.7% below 3,029. The close on 9 November was 2,308 rials: a fall of 23.8% ((3,029 - 2,308) ÷ 3,029). The data does not say the fall was caused by the filing; it only shows the order. IRDR also published its nine-month statements on 22 October: net profit of 5,220,488 million rials against 130,244 million a year earlier, 40.1 times (Codal tracing number 1611826). Its close on 24 October was 23,880 rials and on 8 November 19,320 rials.

Takeaway

Four signs, one rule: before entering, read the price where the rally began, the volume against its average, whether closes were single-price, and when the filing came out, next to today's price. They are not timers: IRDR rose again after multiplying 3.4 times, and RSAP recovered between its 4 November low and 9 November. In the Sahmino Screener, two conditions, a three-month gain of at least 60% and a distance of at least 20% below the 52-week high, returned ten equities in the nightly rebuild of 10 November 2026: RSAP 31.1%, ISLZ 30.9%, SHGS 27.1%, KBCZ 25.4% and KCHI 23.2% below the high. Distance from the 52-week high is measured from the highest price of the day and differs from the fall from the highest close. The calculations leave out cash dividends, brokerage fees, sales tax and the bid-ask spread.