1. For explanation of "on neck" pattern please check out the video of Kunal Sarangi with title "Candlestick Pattern Jo Fail Nahi Hota". (Although not a sharp uptrend before on neck candle, but definitely a big bullish candle)
2. Delivery data of of Week of 3rd Oct (4 trading days), with week of 26th Sept (5 trading days), the delivery was higher in the latter week, although the volume was lower.
3. OI went up in the week of Oct 3, with jump in price >9%. Long build up
4. On oct 10, OI went down the first time since Oct 3, with increase in price and break of price range. Short covering
5. If weekly closing is remains above the range, the possibility of stocking continuing the uptrend goes up.
2. Delivery data of of Week of 3rd Oct (4 trading days), with week of 26th Sept (5 trading days), the delivery was higher in the latter week, although the volume was lower.
3. OI went up in the week of Oct 3, with jump in price >9%. Long build up
4. On oct 10, OI went down the first time since Oct 3, with increase in price and break of price range. Short covering
5. If weekly closing is remains above the range, the possibility of stocking continuing the uptrend goes up.