More up moves but after fresh consolidation
Nifty-Intra Day Chart Analysis &
Market Outlook(08-09-2023)
Nifty-Intra Day Chart (07-Sep-2023):-
Technical Patterns formation in today intraday charts
1- More than 4 hours consolidation between 19551-19638
2- Up moves
3- Sideways trading in last hour between 19713-19737
4- Whole day actual trading between 19551-19737
Conclusions from intra day chart analysis
Although firstly slipping after negative opening but lower levels more than 4 hours consolidation was seen therefore up moves developed in Mid-Session. As higher levels sideways trading in last hour between 19713-19737 which was with more than 100 points gains therefore more up moves are expected but fresh consolidation is also firstly required because Very Short Term indicators have also turned Over bought.