We can see inverted H&S pattern in nifty with good risk reward ratio. If tomorrow on 8th feb 23 market breaks the trend line then just after the breaking the level of 17780 we can enter into a long trade. Target 1850 stop loss just below the swing low.
Hope for the best👍💯
Happy learning
NSE:HDFCBANK From this weekly chart of HDFC Bank we could see how the stock has been consolidating within the tight range of 1590 - 1650( yellow lines)
The stock is just 6% - 7% away from its all-time high.
So I will be watching this tight range ( expecting a breakout) considering support for bank nifty at the 42850 - 42700 level.
Apart from technical aspects,...
GBPUSD renews 37-year low, breaking four-month-old support line and 61.8% Fibonacci Expansion (FE) of the GBPUSD pair’s moves between August 17 and September 13, close to 1.1290, as traders await the Bank of England’s (BOE) monetary policy updates. Though the cable pair broke the nearby key support, now resistance around 1.1290, oversold RSI conditions and a...
