Watch next resistances amid
more up moves expectations
Nifty-Intra Day Chart Analysis & Market Outlook(30-04-2024)
Nifty-Intra Day Chart (29-Apr-2024):-
Technical Patterns formation in today intraday charts
1- More than 2 hours consolidation between 2244222547
2- Up moves with downward corrections
3- Whole day actual trading between 22442-22655
Conclusions from intra day chart analysis
As all the Asian markets were trading with good gains therefore sentiment turned Bullish hence firstly more than 2 hours consolidation was seen after positive opening. Last 4 hours up moves were with downward corrections which is also consolidation pattern therefore more up moves are expected towards next resistances:-
1- 22654-22726
2- 22735-22768
Finally sustaining above resistances should be watched tomorrow for next intraday decisive moves beginning confirmations