Watch today highest amid
up moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(23-06-2023)
Nifty-Intra Day Chart (22-Jun-2023):-
Technical Patterns formation in today intraday charts
1- Up moves after flat opening
2- Selling between 18849-18886
3- Down moves
4- Down moves in Bullish Falling Channel
5- Sharp up
6- Selling between 18843-18859
7- Sharp down
8- Down moves in Bullish Falling Channel
9- Whole day actual trading between 18760-18886
Conclusions from intra day chart analysis
Although firstly up moves after flat opening but missed crossing of life time high(18887.6) by only 1 point and moved down after making today highest at(18886.6) due tor good selling between 18849-18886. As some consolidation through Down moves in Bullish Falling Channel therefore sharp up moves were seen after that but again selling developed hence again shalp fall was seen.
As lower levels consolidation was seen in last 45 minutes through Down moves in Bullish Falling Channel therefore up moves are expected towards today highest and finally sustaining it beyond should be watched tomorrow for next Trend confirmations.