Here is why volume analysis is a must for traders

A moving average, trendline, or gap-up breakout needs to have sparkling volumes to provide gradual rise

Volume is defined as the number of shares/contracts of a stock traded in a given time. It plays a crucial role in technical analysis and is recognised as an indispensable indicator. 

Although the analysis of volume structure is a difficult endeavour, mastering it helps in studying stock price movement with greater clarity. Moreover, a clear idea of the volume assists market participants in developing appropriate trading strategy. This indicator can be combined with other oscillators and the momentum indicators for better results. Whenever volume analysis joins hands with the Relative Strength Index (RSI) or Moving average convergence divergence (MACD), performances