More up moves towards next resistances
Nifty-Intra Day Chart Analysis & Market
Outlook(16-02-2024)
Nifty-Intra Day Chart (15-Feb-2024):-
Technical Patterns formation in today intraday charts
1- Consolidation between 21795-21915
2- Sharp up
3- Consolidation between 21875-21931
4- Whole day actual trading between 21795-21953
Conclusions from intra day chart analysis
Although firstly down moves after positive opening but lower levels consolidation developed which remained continued more than 4 hours therefore sharp up moves were seen after that. As follow up consolidation in last hours also therefore more up moves will be seen tomorrow towards following next resistances and sustaining its beyond should also be watched one by one tomorrow for next intraday decisive moves beginning confirmations:-
1- 21947-22018
2- 22029-22126