Nifty-Intra Day Chart (12-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1- Consolidation Patterns and supports between 5741-5757
2- Down moves in Bullish Falling Channel.
3- Mixed Patterns between 5775-5792
4- Whole day actual trading between 5741-5792
Whole day narrow range quiet trading with lower levels consolidation Patterns and supports and down moves in Bullish Falling channels. As mixed Patterns formations st higher levels therefore today trading range valid break out is required for next immediate moves confirmations but whole day intraday patterns are showing consolidations and Bullish formations therefore high possibility of up moves above today highest(5792) tomorrow.
 |
| Just click on chart for its enlarged view |
1- Consolidation Patterns and supports between 5741-5757
2- Down moves in Bullish Falling Channel.
3- Mixed Patterns between 5775-5792
4- Whole day actual trading between 5741-5792
Conclusions from intra day chart analysis
Whole day narrow range quiet trading with lower levels consolidation Patterns and supports and down moves in Bullish Falling channels. As mixed Patterns formations st higher levels therefore today trading range valid break out is required for next immediate moves confirmations but whole day intraday patterns are showing consolidations and Bullish formations therefore high possibility of up moves above today highest(5792) tomorrow.