Up moves continuation towards
next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(25-04-2023)
Nifty-Intra Day Chart (24-Apr-2023):-
Technical Patterns formation in today intraday charts
1- Consolidation between 17613-17646
2- Up moves with downward corrections
3- Whole day actual trading between 17613-17754
Conclusions from intra day chart analysis
As firstly lower levels more than 3 hours consolidation between 17613-17646 therefore up moves started which remained continued till last minutes because up moves were with downward corrections.
Nifty closed above previous 5 sessions trading range(17554-17741) and intraday selling patterns were not seen also today therefore up moves continuation is expected towards following next resistances:-
1- 17866-17891
2- 17902-17924
3- 17949-18022