karthikmarar

karthikmarar

After more than three months of almost sideways move the stock is preparing to take out the previous Price Rejection Zone. Lot of Volume Support is coming n. The relative strength is positive. Above 905 the stock is likely to move higher. Looks strong enough to take out the Rejection Zone

karthikmarar

An example on how we can use the volume wave. As we can see in June the upthrust were loosing steam and the the stock could not make much headway in spite good volume coming in. In other words the result was not consistent with the effort. Finally we see that supply / selling pressure dominating. A clear indication that we could see some more down side on this...