JINDALSTEL Long Volume Profile and Volume spread analysis. (VSA)

Jindal steel was in a down trend before the last week. Last week had some up move, we are going to analyze it.
1) We had couple of volume divergence, while the stock is progressing downwards. which shows that there is exhaustion of sellers or lack of supply.
2) We got a slighter increase in volume on the last leg, but the stock failed to close on the down side. instead in closed in the middle, showing that new demand has come in to the market. The next day is a no demand bar, but at the same time there is no interest from the sellers also.
We had two up bars following the up move.
3)We finally had one down bar on Thursday, which is relatively low volume when compared to other days. A down bar with very low volume says that there is no supply in the market. Which is proved the next day, by the up bar closing well above Thursdays high.

The stock can rally up to its next HVN or the POC. which is 230 in the coming week.
Comment: Stock High made 218.80
Comment: 7.7% profit