Up moves expectations towards
next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(29-09-2022)
Nifty-Intra Day Chart (28-Sep-2022):-
Technical Patterns formation in today intraday charts
1- Up moves with downward corrections
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 16821-17037
Conclusions from intra day chart analysis
Although gap down opening today but Consolidation was seen between 16943-17059 in last 2 sessions therefore firstly up moves were seen towards 17037.60. As these up moves were with downward corrections and after down moves were in Bullish Falling Channel therefore intraday consolidation patterns formations will be understood for today and firstly up moves are expected towards next resistances between 17063-17170 as well as finally sustaining it beyond should be watched for next Short Term moves beginning confirmations..