Today highest will confirm more up moves
Nifty-Intra Day Chart Analysis &
Market Outlook(27-08-2020)
Nifty-Intra Day Chart (26-Aug-2020):-
Technical Patterns formation in today intraday charts
1- Consolidation between 11462-11494
2- Slow up moves in last 2 hours
3- Whole day actual trading between 11462-11561
Conclusions from intra day chart analysis
As firstly consolidation therefore up moves were seen in last 2 hours which were slow hence some profit booking can not be ruled out at higher levels.
Short Term Indicators are overbought and some pofit booking also today therefore fistly sustaining above today highest(11561) should be watched for immedite more up moves confirmations.