Up Moves expectations towards day's highest & next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(27-10-2022)
Nifty-Intra Day Chart (25-Oct-2022):-
Technical Patterns formation in today intraday charts
1- 102 Points sharp fall in first 9 minutes.
2- Selling between 17734-17773
3- Sharp fall
4- Down moves in Bullish Falling Channels
5- Whole day actual trading between 17637-17811
Conclusions from intra day chart analysis
Although gap up strong opening but not sustaining and slipped 102 Points in first 9 minutes and again sharp fall was seen after selling between 17734-17773. As all the down moves after 10:20 AM were in Bullish Falling Channels therefore lower levels good intraday consolidation will also be understood and firstly up moves will be seen towards day's highest(17811) in the coming sessions and sustaining above it will mean up moves towards following next resistances:-
1- 17798-17838
2- 17852-17919
3- 18044-18091