Analyzing this order flow footprint chart for the SENSEX 76400 PE (1-minute timeframe), here is a bar-by-bar breakdown from 10:20 to 10:25.
In order flow, we look for imbalances (aggressive buying/selling) and Delta (the net difference between market buys and sells) to understand who is in control.
10:20 | Initial Absorption
Price Action: The bar closed relatively flat with a small body.
Order Flow: We see a Negative Delta of -200, meaning aggressive sellers were more active.
Key Detail: There is significant "trapped" selling at the bottom of the bar (the green shaded area). Sellers hit the bid hard (e.g., 440 vs 20), but price failed to push lower. This suggests passive buying (absorption) was present at the 490–495 level.
10:21 | Aggressive Sellers Step In
Price Action: A bearish move.
Order Flow: The Negative Delta increased to -520.
Key Detail: We see a Sell Imbalance at the top of the footprint (480 vs 0). However, similar to the previous bar, a large cluster of passive buy orders absorbed selling at the bottom (1,180 on the bid side). Despite the -520 delta, the price didn't collapse, signaling a potential floor.
10:22 | The Fake-Out / Divergence
Price Action: Price attempted to rally but finished with a small body.
Order Flow: A Negative Delta of -220.
Key Detail: Notice the green box at the bottom showing 1,360 / 1,880. This indicates aggressive buying at the lows, yet the total bar delta remained negative. This "Mixed" signal often suggests a tug-of-war where neither side has clear dominance yet.
10:23 | Heavy Selling Pressure
Price Action: Price remains heavy.
Order Flow: Negative Delta of -980, the highest selling volume in this sequence so far.
Key Detail: There is a stacked Sell Imbalance near the top (red box). Large market sell orders (180, 400, 1,260) hit the bids. The sellers are clearly aggressive here, trying to drive the price through the support established in the previous bars.
10:24 | Delta Divergence (Bullish Signal)
Price Action: Price stayed stable/rose slightly despite the selling.
Order Flow: Negative Delta of -420.
Key Detail: Even though the delta is negative, look at the bottom of the bar: 1,500 / 1,360 (the green box). This is a strong sign of Absorption. Aggressive sellers are selling, but a "Big Fish" buyer is sitting there absorbing every single contract, preventing price from falling.
10:25 | The Reversal / Breakout
Price Action: Strong Bullish Bar (Green).
Order Flow: This is the pivot point. The delta shifted, and we see a massive Buy Imbalance (green box at the top).
Key Detail: The aggressive buyers finally overwhelmed the sellers. You can see the cluster 1,180 / 1,620 at the top of the bar. This indicates "Initiating" buying volume—buyers are now willing to chase the price higher, confirming that the absorption seen at 10:24 was indeed a long accumulation.
Summary of the Sequence
Between 10:20 and 10:24, the chart shows a classic "Absorption" pattern. Sellers were hitting the market with high volume (negative delta), but the price wasn't dropping significantly. At 10:25, the exhaustion of sellers met a surge in aggressive buying, leading to the upward price movement.