More consolidation & today highest will confirm fresh rally
Nifty-Intra Day Chart Analysis &
Market Outlook(11-11-2020)
Nifty-Intra Day Chart (10-Nov-2020):-
Technical Patterns formation in today intraday charts
1- Consolidation between 12476-12500
2- Sharp up
3- Up moves in Bearish Rising Channels
4- Intraday corrections
5- Whole day actual trading between 12476-12643
Conclusions from intra day chart analysis
As firstly consolidation after gap up opening therefore sharp up moves were seen. Although after that whole day up moves were in Bearish Rising Channel and consolidation was also seen through continuous correction but last hour Up moves were in Bearish Rising Channels therefore more consolidation is firstly required tomorrow for sustaining above today highest(12643.90) which should be watched tomorrow for fresh rally above this level.