VWAP starting with day open candle is quite popular
Try #VWAP with period for change where period equal to number of bars in trading day. Acts as magnet for Intraday Mean Reversion moves
Exibit- Banknifty of last 2 days
More from Zafar Shaikh
33900 gone on #Banknifty
System says don't buy the dip
Wait for dip of dip of dip at 30500 #Banknifty & 15000 #Nifty
System says don't buy the dip
Wait for dip of dip of dip at 30500 #Banknifty & 15000 #Nifty
#Banknifty 33900-34100 zone has provided Support & bounce multiple times in last 12 months.
— Zafar Shaikh (@InvesysCapital) May 8, 2022
Watch this level carefully in current week. If 33900 goes, would open up big downside towards 30500 in May series ( Which is confluence of multiple support & AVWAP from Mar20 lows) pic.twitter.com/B7KUNkVVSE