More up moves expectations
Nifty-Intra Day Chart Analysis &
Market Outlook(07-03-2024)
Nifty-Intra Day Chart (06-Mar-2024):-
Technical Patterns formation in today intraday charts
1- More than 4 hours consolidation between 22225-22344
2- Sharp up
3- Up moves with downward corrections in last 2 hours
4- Whole day actual trading between 22225-22497
Conclusions from intra day chart analysis
As higher levels selling in last 2 sessions therefore firstly Nifty slipped 130 points but lower levels more than 4 hours conoslidation developed therefore:-
1- Firstly sharp up moves were seen and after that
2- Up moves with downward corrections were also seen in last 2 hours
Only intraday consolidation patterns formation today and intraday selling patterns were not seen today as well as today closing was at life time highest therefore more up moves are expected tomorrow