Lalit Dhingra
View Profile

Rally continuation after very Short Term or intraday Co

Lalit Dhingra at 10:36 PM - Jun 05, 2017 ( ) Views: 469

1 1

Rally continuation after very Short Term or intraday Correction  

Intra Day Chart Analysis & Market Outlook



Nifty-Intra Day Chart (05-Jun-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts


1- Up moves from negative zone

2- Up moves in Bearish Rising Channel

3- Selling patterns formations between 9676-9687

4- Whole day actual trading between 9641-9687


Conclusions from intra day chart analysis 


Although firstly up moves from negative zone and closing also near the higher levels of the day but higher levels selling patterns formations were seen therefore signals of very Short Term Correction tomorrow. 


Rally is very much on and until complete selling patterns will not develop till then decisive down moves will not be seen therefore expected that on going rally will remain continued after very Short Term or intraday correction completion. 

Login to participate in discussion.