What is Volume in share market? L and C are what?

 Volume in share market:

Volume is the quality of a security that trades between buyers and sellers.It is measured on a

trade by trade basis totalled over a given period of time and even calculated across an entire market. In

stock market volume is expressed in shares. A share of stock represents partial ownership of a company.

Hence the term share is used. A share is the basic unit that describes the quality of the stock and other

securities.

Volume is the number of share is exchanged in a single transaction.( For example): If a buyer

purchases 200 shares of the stock from a seller.The total volume of this transaction is 200 shares

countless transaction just like this take place during the trading day. The volume indicator keeps the

track of all these transactions and totals the number of shares traded over any given time period. The

volume indicator is usually displayed at the bottom of a stock chart as histogram.Each bar of the

histogram shows the total volume traded for a given time period.

For a instance you are looking at a daily cahrt, each bar of the volume in histogram represents the

total volume traded per day. If you are looking at a very short term histogram chart like a minute chart,

each bar of the volume in histogram chart represents the total volume of shares traded per minute in

the stock market.

•     Volume is often averaged over the time particularly during the daily time period. This is called as average daily volume.

•     Some investors compares today's volume to average daily volume over a number of days in the

past. Investor typically uses 20 or 30 days to calculate the average daily volume of the share.Although

any historical range can be used for comparing today's total volume of the share to the 20 days average

volume.

•     It can help an investor to judge the validity of a move in the price of a security.Some investors who

used technical analysis believes that moves in price on higher than average volume are more valid than

that moves on lower than average volume. For example: If a Stocks breaks above resistance on higher

than average volume. Some investors believes that this is confirmation and the stock is more likely to

continue higher.The theory is price is moved higher with the support of many investors buying,which is

what the higher than average volume reveals.Therefore higher than average volume lends credibility

 and can help confirm price moves. Conversely, price moves on lower than average volume are thought

 to be less credible because they lack the participation of many investors. Some investor might view a

 break above resistance on lower than average volume with scepticism thinking the break might be false

because it lacked participation.Just like with stocks and other securities in the stock market,some

investors define and apply the volume the same way in the future market.

L and C in share market:

    L( Ltp) stands for " Last price". The Last price is as the name tells us it is the last traded price in the

share market.It is the last transaction that got executed on trading a share at the last minute of the share

market closing time .

    C stands for " Closing price" .The Closing price is the average price of the share at the last 30

 minutes of trading before the closing time of the share market .It is calculated using the formula

C= ( price* No.of shares for the last 30 min)/ ( Total no. of share for the last 30 min).

    That is price multiplied with No. of shares for the last 30 minutes divided by the total No. of shares

traded for the last 30 minutes of the share market before closing time.