Up moves towards next resistance
Nifty-Intra Day Chart Analysis &
Market Outlook(23-11-2022)
Nifty-Intra Day Chart (22-Nov-2022):-
Technical Patterns formation in today intraday charts
1- Up moves after positive opening
2- More than 4 hours consolidation between 18198-18225
3- Up moves in last hour
4- Whole day actual trading between 18138-18261
Conclusions from intra day chart analysis
Although firstly slipping after positive opening but after that up moves were seen and more than 4 hours consolidation between 18198-18225 in Mid-session therefore decisive up moves were seen in last hour. As intraday consolidation patterns formation and selling patterns were not seen therefore up moves are expected towards following next resistances:-
1- 18356-18380
2- 18382-18442