Stable base as when the price stays above a level for some 4-6 candles. The volumes today starts spiking from 217.6 down to 217 which indicates accumulation. I guess the volumes are more conclusive. :thumb:
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Yeah, you seems to be quite true. I also had a look on volume charts and noticed that between 10:30 AM to 1:25 PM, when Hindalco was in downtrend, the volumes were quite low. That shows that the strength of the intraday downtrend was weak. Interestingly what I noted now that with this downtrend, the open interest was increased. That certainly indicates accumulation. And, thereafter the stock picked uptrend.
Anyways, eager to hear from SG Sir. Lets see what he says. And, the target level he gave us.....how ? That is also a point I want to learn.
Thanks again.