Finally rally after Very Short Term correction
Intra Day Chart Analysis & Market Outlook
(27-06-2019)
Nifty-Intra Day Chart (26-Jun-2019):- |
| Just click on chart for its enlarged view |
1- Sharp up after weaker opening
2- Consolidation through Down moves in Bullish Falling Channels within more then 4 hours sideways trading range
3- Whole day actual trading between 11758-11871
Conclusions from intra day chart analysis
Although weaker opening but immediately 38 points sharp up and after that consolidation through down moves in Bullish Falling Channels below yesterday mentioned 2nd resistance range(11842-11934) and within more then 4 hours sideways trading range.
As multiple resistances are above 11842 and Very Short Term indicators are bought therefore Very Short Term correction like today weaker opening can not be ruled out but expected that finally rally will remain continued after follow up consolidation in the coming sessions.