Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Trin indicates Distribution Phase

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There is a interesting surge in trin towards 1 which denotes that we are in a distribution phase. Rising trin in a rising market indicates normally a distribution phase an indication of overbought levels. As  the market is trending higher during a rising trin which in turn indicates that more volume is moving into declining stocks.
 
Be cautious with longs as we are probably reaching the top in few trading session.
If you are trading longs then trade light. Weakness will come only below 5050
Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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2 Replies to “Trin indicates Distribution Phase”

  1. dear rajgood explanation, till now i donot no much abt TRIN but you explanation have enlightned me. Could you givn me a ling which gives good understanding of TRIN.M.Sri MahidarTrend is Friend.

  2. Here you can check how to read trin TRINhttp://www.marketcalls.in/2009/06/how-trader-should-view-trin-readings.htmlPast observations on TRINhttp://www.marketcalls.in/search?q=trin

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