Thursday, June 19, 2014

CNX NIFTY : Higher Volumes at Market highs: Is it a sign of Speculative Bubble or signifies higher intensity of Buying/Bulls.

Weekly Chart

  1. Consolidation phase , where , price carries through from one band to other band.
  2. Contraction in Bands, followed by breakout on the upside , and prices continued hugging the upper bollinger band.
  3. Higher volume reflecting higher degree of bulls intensity or sometimes it reflects speculative bubble.

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