Firstly watch levels for next up moves confirmations
Intra Day Chart Analysis & Market Outlook
(18-12-2019)
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1- Slow up moves after positive opening
2- More than 5 hours trading with Mixed Patterns formation between 12121-12155
3- Slow up moves in last half hour
4- Whole day actual trading between 12071-12182
Conclusions from intra day chart analysis
Following lines were told on 14-12-2019 in "Rally continuation towards its maximum target at 13870.95":-
up moves continuation towards next resistances(12120-12158) is expected in the beginning of next week.
Rally was seen today towards and above 12158 was seen today and closing was also at life time highest today but fresh consolidation is required for sustaining above today highest because more than 5 hours trading was with Mixed Patterns formations and up moves were slow.
As Short Term indicators have also turned over bought therefore Short Term correction may be seen any day and firstly sustaining beyond 12121-12155 should be watched in the coming sessions for next up moves confirmations.