Up moves towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(26-07-2024)
Nifty-Intra Day Chart (25-Jul-2024):-
Technical Patterns formation in today intraday charts
1- More than 4 hours up moves with downward corrections
2- Last 2 hours consolidation between 24367-24426
3- Whole day actual trading between 24211-24426
Conclusions from intra day chart analysis
Although firstly Nifty slipped more than 200 Points after gap down opening but up moves begun from lower levels which remained continued till last minutea and Nifty traded in Green also in last hour as well as closed flat. As firstly more than 4 hours up moves were with downward corrections and higher levels intraday consolidaion was also seen in last hours therefore up moves are expected towards next resistances between 24507-24554