Finally up moves after fresh consolidation
Nifty-Intra Day Chart Analysis &
Market Outlook(29-05-2024)
Nifty-Intra Day Chart (28-May-2024):-
Technical Patterns formation in today intraday charts
1- Whole day down moves in Bullish Falling Channels
2- Whole day actual trading between 22859-22998
Conclusions from intra day chart analysis
Although firstly up moves after positive opening but down moves started which remained continued till last minutes. As wholle day down moves were in Bullish Falling Channel which is a consolidation pattern therefore finally up moves will be seen above today highest after fresh consolidation in the coming 1/2 sessions.