TechM may consider for BuyH & S Correction is almost over (It is not necessary that after H & S correction, it may move up)
After the present market corrections, one may consider for entry
Also note that it is already retraced 61.8 % from the top and is started to move up ( A normal concept only)
Present RSI is 45.3
Two expected targets for short / long term is given.
Disclaimer: It is not a recommendation. Study yourself before any entry.
Supportandresitance
Banknifty 15-Feb-2023 Intraday trade analysisBankNifty→ After moving down, it takes reversal in move up. Gives a positive closing. Near 41800=Resistance, but still in the range. Upper side breakout may happen.
Flat opening - Due to continuous upmove, no buying on feat, unless it gives some pullback. Breakout is possible 4th time coming near resistance.
Gap up → Resistance already broken, will wait for price action to sell near 42k.
Gap down - Again will be in range, support at 41500, so it may reverses from there, look for buying price action.
#NIFTY 1DTechnical Analysis of #NIFTY based on harmonic xabcd pattern & on support and resistance. 18925 to 19000 is the very strong resistance for #NIFTY on daily time frame we should buy above 19000 and previous level candle closing for the target of 19500 and for 20000. #NIFTY 1st support 18640 ,2nd support 18400 and 3rd support 18150. we should sell below when 18400 level break's for the target of 18150 & for 18000.
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