IMHO,
the 3rd candle does not satisfy all criterion for an Upthrust. An important criteria of upthrust is vol. should be definitely higher than average volume but in this case, volume of upthrust candle is not so high.
IMHO,
the 3rd candle does not satisfy all criterion for an Upthrust. An important criteria of upthrust is vol. should be definitely higher than average volume but in this case, volume of upthrust candle is not so high.
In case of index, volume does not always work out well. If you see, most of the charting sites don't provide volume histogram for indices, it provided only for underlying securities.
Also, if you see the volume figure, it around 17K - 20K. How can the NIFTY volume be so low? Definitely the volume histogram is incorrect here. I have written to the iCharts support them asking them to clarify on the source of volume data used in the index charts, but yet to receive a reply from them.
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