Finally rally continuation after minor correction and sideways consolidation
Intra Day Chart Analysis & Market Outlook
(28-05-2019)
Nifty-Intra Day Chart (27-May-2019):- |
| Just click on chart for its enlarged view |
1- Consolidation between 11854-11599
2- More than 4 hours trading with Mixed Patterns formation between 11913-11957
3- Whole day actual trading between 11813-11957
Conclusions from intra day chart analysis
Although firstly lower levels consolidation but after that more than 4 hours trading with Mixed Patterns formation between 11913-11957 therefore firstly Nifty will trade and prepare for next decisive moves within and near about this range.
As Very Short Term indicators have turned over bought therefore minor correction and consolidation is also required which may be sideways also but expected that finally rally will remain continued after follow up consolidation.