How to identify and benefit from trends based on rising and falling volumes

While taking a bigger perspective on the trend, the daily volume chart might not perfectly depict the scenario. The weekly, monthly or year volumes chart facilitate in taking a call on the same

Volume plays a crucial role in determining the trend and strength of a stock or an index. Volume, purely in layman terms, is defined as the number of shares traded during a given period of time. A continuous rise in volumes for a few sessions suggests a strong bias for the traded unit - be it a stock or the index. The trend depends on the positive or a negative close.

Candle formation on the chart also assists in developing a strong confirmation, where a large bullish or bearish candle affirms a stronger momentum on either side. Even candlestick