Up moves contimuation towards next resistances
Intra Day Chart Analysis & Market Outlook
(05-12-2019)
Nifty-Intra Day Chart (04-Dec-2019):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Consolidation between 11936-11971
3- Up moves in last hour
4- Whole day actual trading between 11936-12054
Conclusions from intra day chart analysis
As all the Asian were trading in Red today morning therefore weaker opening of Indian markets but more than 2 hours Down moves were in Bullish Falling Channel hence up moves were seen in last hours which are expected to remain continued towards next resistances near 12100.