Just sharing my learning from past observation 1. Bullish Nature could be identified by close price of stock for the day. if close price is very near to higher price, it indicates there was a buy pressure in stock but profits were not booked. ( ICICIPRULI,HDFC,MCDOWELL-N,MGL are examples from today ) 2. Bearish Nature could be identified the same way by comparing...
consolidation more probable to break down
decision making by net volume
INDUSIND opened higher however we can see that net volume was -ve. we sold on that for a profit
Net volume says +ve momentum on this stock , can buy on break out. if volume goes down with price breaking down can go short
had taken net buy sell volume from RafaelZioni user and inserted signals over the chart. I can not say that indicator will make profits but certainly it is going to back the decisions specially for players in intraday.