AMD Effect on the Banknifty
The chart clearly reflects how the big players have done stop loss hunting where most retail traders and investors have their stop losses below a consolidation. It is clearly seen that the big players induced false buying and dragged the prices all the way down first triggering all stop losses and now gearing up the market to take it up in the intended direction.
Note
This pattern failed as price broke the low. Now we will have to see what happens today considering fresh price action to follow
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