11639 Will confirm fresh and decisive up moves
Intra Day Chart Analysis & Market Outlook
(16-07-2019)
Nifty-Intra Day Chart (15-Jul-2019):- |
| Just click on chart for its enlarged view |
1- Whole day consolidation through Down moves in Bullish Falling Channels
2- Whole day actual trading between 11533-11618
Conclusions from intra day chart analysis
As whole day consolidation through Down moves in Bullish Falling Channels and consolidation developed in the same manner last Friday also therefore it seems that Indian markets are preparing for fresh up moves.
Mixed Patterns formation within 1st resistance range(11607-11638) between 11610-11639 last Friday therefore if fresh consolidation develops tomorrrow also then finally fresh and decisive up moves will be seen and its confirmation will be after sustaining above 11639.