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Volume is very important along with price. But, who creates increase and decrease in the volume. Normal retail investors like you and me? No. Big institutional investors, FII, DII and High net worth individuals (NHI) like rakesh junjunwala. Because even though they do any thing in small,l the quantities and the money involved is more. So all of them are very clear in their strategy. They enter at the right price and exit at the right price. All of them don’t buy today and sell tomorrow. There is a holding time for them. If they do frequent buy and sell then the expense and other hidden charges faced by them will be huge. So their holding time is more. All these info lead to a single line. Volume is very good for positional traders or investors whose holding period is quiet long. For traders and short term holders and for the people who buy or sell frequently chart is the number one friend when compared to the volume.