Firstly watch 15869 for the life
of on going Pull Back Rally
Nifty-Intra Day Chart Analysis &
Market Outlook(30-06-2022)
Nifty-Intra Day Chart (29-Jun-2022):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections
2- Up moves in Bearish Rising Channel
3- Sharp fall
4- Down moves in last hour
5- Whole day actual trading between 15688-15861
Conclusions from intra day chart analysis
Following lines were told yesterday in "Down moves toward today lowest":-
down moves will be seen toward today lowest(15710.15).
As was told 100% same happened today and down moves were seen towards and below yesterday lowest as well as today lowest was at 15687.80.
Although firstly slipping 162 points but after that up moves started which remained continued till last hour. As firstly Up moves were with downward corrections therefore intraday rally remained continued. Higher levels some selling was also seen through Up moves in Bearish Rising Channel hence firstly sharp fall from higher levels and after that Down moves developed in last hour.
Selling was seen above 15869 on 27-06-2022 and Nifty closed below it with intraday selling near about it in last 2 sessions therefore firstly sustaining it beyond should be watched in the coming sessions for the life of that Pull Back Rally which started on 17-06-2022 from 16183.4.