NIFTY 18 OCTOBER 2023 : Look like downside is limited but still expect choppy moves before it shoot up higher. Decisive 19850 and 19930.

 

Hello everyone, I just uploaded this hourly chart to notice two important facts. One is, the formation and break out of the reverse H&S pattern. Other it the gaps that have formed on the chart. Perhaps it the gap that it troubling the market. It is the prime cause of flat intraday trades. It can consolidate for few more days and it will take off by its own fuel. 

Important resistance is at 19850 and other is at 19930. 

Happy trading.