Finally rally above life time highest
Intra Day Chart Analysis & Market Outlook
(21-05-2019)
Nifty-Intra Day Chart (20-May-2019):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Whole day up moves with intraday corrections
3- Whole day actual trading between 11592-11845
Conclusions from intra day chart analysis
Following lines were told at 02:06 PM on 18-05-2019 in "Rally above life time high after Modi ji strong victory on 23-05-2019":-
It is confirm that fresh rally above life time highest will be seen in the coming weeks because as per our own analysis Modi ji strong victory with following results will be seen on 23-05-2019:-
1- BJP will win more than 290 seats.
2- NDA will win more than 340 seats.
As was told 100% same happened and Nifty closed at life time highest today after gap up opening and whole day up moves were seen through consolidation and intraday corrections.
As Very Short Term indicators have turned overbought after 3.69% rally therefore only a Very Short Term correction is expected which may be sideways also but finally rally above life time highest will be seen in the coming sessions.