Volume Shockers – Interesting Volume Behavior in Tata Global

Tata Global – Volume Shockers
Tata Global

There is a very peculiar and interesting behavior observed in volume shockers scanner. Whenever Tataglobal futures hits a new high it comes with a volume higher than last 30 days average in the very first hour (9.15a.m – 10.15a.m) as highlighted in yellow color in the above image. Open Interest data shows smart money is parked in the first hour of trading with sizable open interest build up thereby driving the price madly higher to the newer extreme.

Tata Global Monthly Charts

By correlating Tata Global monthly candle with volume shocker behavior one can conclude that mad institutional money is driving momentum towards the new trading territory.

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