As per my understanding, It is not the question of bullish or bearish ...
Question is Have almost all floating stocks have been collected/absorbed from Weak Holders by Strong Holders?
Depending upon the answers of this question ... the further game will continue as bullish or bearish...
On 12-13-14 August ... the stock has failed probably for the supply test ...
Let bunnydada explain!
well there are further questions priyanvada
are the strong holders really strong enough to absorb the supply?
whether the current situation is really smart money accumulation or distribution?
whether to track traded volume or delivery volume?
when price patterns are indicating something else, whether to go with volume analysis only?
You have seen the decending trend line trade posted by capri.
now, see the 5&6 sma cross over trade and bollinger band trade.