Rally continuation towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(12-03-2021)
Nifty-Intra Day Chart (10-Mar-2021):-
Technical Patterns formation in today intraday charts
1- Selling between 15176-15193
2- Down moves in Bullish Falling Channels
3- Up moves with downward correction
4- Whole day actual trading between 15100-15218
Conclusions from intra day chart analysis
As firstly some selling after positive opening but after that consolidation was seen through down moves in Bullish Falling Channels hence Up moves begun in Mid-Session.
Follow up consolidation was seen in last hours also through up moves with downward correction and down moves in Bullish Falling Channel therefore rally continuation will be seen towards following next resistances:-
1- 15274-15315
2- 15335-15431