SANGHVIMOV (1D) – Testing the yearly pivot from belowSanghvi Movers LimitedNSE:SANGHVIMOVdgupta88SANGHVIMOV is trading right at its yearly pivot. Until a daily close gets back above the yearly pivot, the pressure stays down, toward the next session's S1. On the chart The last daily candle closed below the yearly pivot; nineteen of the nineteen before it closed above it. One daily candle pushed over the yearly pivot and was turned back (Fri 23 Oct). Bigger picture: below the weekly, monthly and quarterly pivots. Levels to watch Above: the yearly pivot, right at the close; then next week's pivot. Below: the next session's S1, a little below the close; then next week's S1. The next session's CPR sits over the close. Where the view changes Up: a daily close above the yearly pivot. Down: a decisive daily close below the next session's S1. Our view For the bulls, the first job is a daily close back above the yearly pivot; that would open the way to next week's pivot. Until then a bounce is only a bounce. Our view is an opinion on the chart, not a recommendation. For study only. Not investment advice. The author is not SEBI registered.