Firstly watch levels for the life of
Pull Back Rally
Pull Back Rally
Intra Day Chart Analysis & Market Outlook
(28-02-2018)
Nifty-Intra Day Chart (27-Feb-2018):-
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| Just click on chart for its enlarged view |
1- Sharp down in first hour
2- More than 5 hours trading with Mixed Patterns formation between 10538-10578
3- Whole day actual trading between 10538-10631
Conclusions from intra day chart analysis
Following line was told on 18-02-2018 in "Firstly watch levels for next week big moves confirmations":-
valid break out of 10399-10637 should also be watched in next week for big moves confirmations.
Importance of 10399-10637 was repeated 2 times also in previous sessions outlooks and Nifty retraced from 10631.65 today which is first signal of previous week started Pull Back Rally completion.
As more than 5 hours trading with Mixed Patterns formation between 10538-10578 today therefore firstly sustaining it beyond should be watched in the coming sessions for the life of Pull Back Rally.