NIFTY 50 (BULLs VS BEARs) Date - 13th March 2024
Time - 10:05 AM
After seeing today's move of gap up opening and then filled the gap again.
FIXED RANGE VOLUME PROFILE
1. This Volume indicator is more useful than ordinary horizontal and time base volume indicator.
2. Its Flexible to use and you can put wherever you want to identify at that particular time who are the dominators (BULLS OR BEARS), who made that particular move in market.
3. As we can see in chart, I have put 2 Fixed range volume tools for 2 different times, in that Red Lines come out it is showing POC (Point of Control) for that selected range.
4. If Current price is below POC line than we can say Bears are in Dominance , as per current situation in Nifty 50.
5. If Price roaming above POC line means Bulls are in all over Dominance so far.
So, after using this tool we can identify within dark volume range (shown in chart) sluggish movement expected and Until Price won't break POC line and High-volume range either side strong and rational move should not expected.
Lower the volume at any particular price faster the movement we can expect.
