Follow up complete selling will mean sharp fall
Nifty-Intra Day Chart Analysis &
Market Outlook(09-04-2021)
Nifty-Intra Day Chart (08-Apr-2021):-
Technical Patterns formation in today intraday charts
1- Up moves in Bearish Rising Channel
2- Selling between 14929-14984
3- Sharp fall in last hour
4- Whole day actual trading between 14822-14984
Conclusions from intra day chart analysis
As most Asian markets were trading strong therefore strong up moves were seen but higher levels selling developed between 14929-14984 and before it up moves were also in Bearish Rising Channel hence sharp fall in last hour.
Although up moves in all four sessions of this week but clear consolidation patterns were not seen and some selling also developed therefore if follow up complete selling develops in the coming sessions then sharp fall will be seen and its confirmation will be sustaining below 14712.