Up moves above today highest
Nifty-Intra Day Chart Analysis &
Market Outlook(22-11-2023)
Nifty-Intra Day Chart (21-Nov-2023):-
Technical Patterns formation in today intraday charts
1- Consolidation between 19758-19788
2- Sharp up
3- Selling between 19800-19829
4- Sharp down
5- Down moves in Bullish Falling Channel
6- Whole day actual trading between 19755-19829
Conclusions from intra day chart analysis
As firstly consolidation after gap up opening therefore sharp up moves were seen after that but some selling developed at higher levels therefore sharp down moves were seen in Mid-session. Down moves in Bullish Falling Channel also developed after some up moves in last 2 hours therefore whole day good intraday consolidation will be understood and up moves above today highest(19829.10) is expected in the coming sessions.