Up moves towards today highest &
sustaining above it will mean
intraday sharp up moves beginning
Nifty-Intra Day Chart Analysis &
Market Outlook(21-03-2023)
Nifty-Intra Day Chart (20-Mar-2023):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channels
2- Up moves with downward corrections
3- Sharp up moves in last half hour
4- Whole day actual trading between 16829-17066
Conclusions from intra day chart analysis
Although down moves remained continued till 02:00 PM and Nifty lost 271 points also but consolidation was firstly seen down moves were in Bullish Falling Channels and after up moves were with downward corrections in next one hour therefore sharp up moves developed in last half hour. As lower levels good intraday consolidation was seen today therefore firstly up moves are expected towards today highest finally sustaining above it will mean intraday sharp up moves beginning.