Upward moves continuation
Nifty-Intra Day Chart Analysis & Market
Outlook(16-05-2025)
Nifty-Intra Day Chart (15-May-2025):-
Technical Patterns formation in today intraday charts
1- More than 3 hours consolidation between 24495-24704
2- More than 400 points strong upward moves
3- Last 2 hours sideways trading between 25021-25116
4- Whole day trading between 24495-25116
Conclusions from intra day chart analysis
As consolidation was seen between 24561-24646 yestertday and more than 3 hours consolidation developed within and near about this range between between 24495-24704 today also therefore more than 400 points strong upward moves were seen in Mid-session today. Although last 2 hours sideways trading between 25021-25116 but clear selling patterns were not seen at intraday higher levels therefore yesterday started upward moves will remain continued in the coming sessions also.