Up Moves expectations
Intra Day Chart Analysis & Market Outlook
(25-10-2019)
Nifty-Intra Day Chart (24-Oct-2019):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channels
2- Up moves in Bearish Rising Channel
3- Minor selling
4- Consolidation between 11535-11576
5- Whole day actual trading between 11535-11679
Conclusions from intra day chart analysis
Although negative closing near the lower levels of the day but most time consolidation was seen through Down moves in Bullish Falling Channels therefore some up moves are expected tomorrow.
As some selling was also seen through Up moves in Bearish Rising Channel therefore follow up consolidation is also required within today trading range and firstly sustaining beyond today trading range should be watched for the confirmation of next decisive move because technical positions reverses during today like Election results led volatility.