Correction continuation expectations
Intra Day Chart Analysis & Market Outlook
(30-08-2019)
Nifty-Intra Day Chart (29-Aug-2019):-
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| Just click on chart for its enlarged view |
Technical Patterns formation in today intraday charts
1- Selling between 10974-11019
2- Selling between 10982-11021
3- Down moves in Bullish Falling Channels
4- Whole day actual trading between 10922-11021
Conclusions from intra day chart analysis
Although some consolidation at lower levels through Down moves in Bullish Falling Channels but higher levels good selling was also seen therefore correction continuation is expected.
As lower levels consolidation therefore valid break down of today lowest should also be watched because that will confirm sharp fall.