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.
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.
I agree that the third candle does not satisty all the required criteria.... But the volume is definitely higher than the prevous days.....Not really sure is VSA is applied to Indices(check on this one)
But i think it does not have to satisfy all the criteria as the books says... it depends on the situation. Here u see a good volume on the first adn second indicators but the price is not shooting up indicating it is not Bullish in the immediate future sessions..... but saying that Nifty is still showing lot of strength and real good support at 4790-4800 levels...
Thanks
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