Aurigrow May Go to ₹40 If It Stays Above ₹0.30 – A Trader's Personal Perspective (Part 2)Understanding Market MomentumMarket momentum refers to the speed and strength of a stock's price movement. When a stock continues making higher highs and higher lows while maintaining an important support level, many traders consider it a sign of bullish momentum.
Aurigrow May Go to ₹40 If It Stays Above ₹0.30 – A Trader's Personal Perspective (Part 2) Understanding Market Momentum Market momentum refers to the speed and strength of a stock's price movement. When a stock continues making higher highs and higher lows while maintaining an important support level, many traders consider it a sign of bullish momentum. If Aurigrow consistently remains above ₹0.30, some traders may interpret this as evidence that buyers are defending that price zone. However, momentum can change quickly, and no support level is guaranteed to hold indefinitely. Volume Matters Price movement alone does not always tell the complete story. Trading volume helps traders understand whether a price move is supported by strong market participation. For example: Rising price with increasing volume may indicate growing buying interest. Rising price with weak volume may suggest limited participation. Falling price with heavy volume may indicate stronger selling...