Very Short Correction Expectations
Intra Day Chart Analysis & Market Outlook
(02-01-2017)
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1- Fast up moves immediately after opening
2- More than 5 hours up moves in Bearish Rising Channel
3- Whole day actual trading between 8115-8197
Conclusions from intra day chart analysis
Although whole day up moves after positive opening and after that whole day up moves also but in Bearish Rising Channel therefore very short correction is firstly expected in the beginning of next week.