Nifty-Intra Day Chart (21-Nov-2014):-
Technical Patterns and Formations in today intraday charts
1- Most time trading between 8449-8489
2- Down moves in Bullish Falling Channel
3- Bullish Falling Wedge formations in last hour.
4- Whole day actual trading between 8399-8489
Most time trading between 8449-8489 with following Bullish indications:-
1- Firstly forceful up moves in first hour.
2- Down moves in Bullish Falling Channel patters formations.
3- Bullish Falling Wedge formations in last hour.
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1- Most time trading between 8449-8489
2- Down moves in Bullish Falling Channel
3- Bullish Falling Wedge formations in last hour.
4- Whole day actual trading between 8399-8489
Conclusions from intra day chart analysis
Most time trading between 8449-8489 with following Bullish indications:-
1- Firstly forceful up moves in first hour.
2- Down moves in Bullish Falling Channel patters formations.
3- Bullish Falling Wedge formations in last hour.
As above Bullish signals after life time high formations and no selling signals seen therefore finally rally continuation above 8500 is expected in the coming session.