Firstly down moves and finally today trading range will confirm next intraday decisive moves
Nifty-Intra Day Chart Analysis &
Market Outlook(19-08-2022)
Nifty-Intra Day Chart (18-Aug-2022):-
Technical Patterns formation in today intraday charts
1- Down moves after weaker opening
2- Selling between 17924-17955
3- Selling between 17902-17921
4- Up moves in Bearish Rising Channels
5- Whole day actual trading between 17853-17968
Conclusions from intra day chart analysis
Although firstly down moves after weaker opening but today closing was at the top of on going rally after strong recovery from lower levels. As intraday selling between 17902-17955 and all the up moves were in Bearish Rising Channels also today therefore firstly down moves and intraday trading is expected within today trading range tomorrow. Follow up intraday posiitons formations and finally sustaining beyond today trading range(17853-17968) will confirm next intraday decisive moves which should be firstly watched tomorrow.