So, got a lot of enquiries for explanation of today's movement by Indices and here I will try to summarise the entire context for ongoing price movement with the help of my very own "Pivot Auction Chart" 📶
➖ To start with the general context of this week's price movement -
👉🏻 Currently both the indices are in grip of weekly participants (responsive).
👉🏻 So,...
Hey Pivster's
NSE:BANKNIFTY having a beautiful and smooth weekly pivot auction chart where you can see the "support" (WH3-MH3 zone) turned into "resistance" alongside the Weekly Bearish GPZ setup.
A brief synopsis for BankNifty:
-> We see a gap-up opening in the month of July'2023 with the first 30m candle close above WH3 and MH3 zone.
-> After making a...