Down moves after good intraday selling
Nifty-Intra Day Chart Analysis &
Market Outlook(06-04-2022)
Nifty-Intra Day Chart (05-Apr-2020):-
Technical Patterns formation in today intraday charts
1- Sharp down after positive opening
2- Selling between 17975-18095
3- Sharp fall in last hour
4- Whole day actual trading between 17922-18095
Conclusions from intra day chart analysis
Following lines were told on 04-04-2022 in "Firstly rally continuation amid big intraday correction possibility":-
1- on going rally will remain continued.
2- big intraday correction may also be seen
As was told 100% same happened:-
1- Firstly up moves were seen after positive opening
2- Nifty traded 131 points down.
Although firstly positive opening but immediately sharp fall was seen and after that good intraday selling developed between 17975-18095 therefore sharp fall in last hour on 05-04-2022 and resultant down moves will remain continued in the coming session also.