Important Role of Volume

Important Role of Volume:-
  1. Acts as a Support & Resistance
  2. Can be Used as  Stop Loss & Trailing Stop loss
  3. Confirms the Breakout and Eliminates False Breakout
  4. Gives an early signal for trend confirmation
 Volume is used for two major purposes:
  1. To authenticate price changes: if the start of a trend is not supported by an increase in volume it is considered to be weak and lacking commitment.
  2. To foresee changes in price: If the volume is increasing it often followed by change in price.

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