Lalit Dhingra
View Profile

Fresh down moves beginning expectations

Lalit Dhingra at 10:19 PM - Apr 22, 2018 ( ) Views: 1,106


Fresh down moves beginning expectations

Intra Day Chart Analysis & Market Outlook



Nifty-Intra Day Chart (20-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts


1- Selling Patterns formation between 10528-10522

2- Sharp up in last half hour

3- Whole day actual trading between 10528-10582


Conclusions from intra day chart analysis 


As good quarterly results of TCS therefore whole day 4.80% strong rally of NIFTY IT and resultant sharp up in last half hour in Nifty and other Indices also. 


Although last Friday Last Traded Price was at the top of the day but most time trading was with selling Patterns formation between 10528-10522 therefore expected that fresh down moves will be seen below last Friday(10528) lowest despite good quarterly results of HDFC Bank.


As per hour view finally Nifty has to move and sustain below 10000 and for this decisive down moves beginning will be seen any day. 

(1 to 3 out of 3) - Latest Replies on Top | First | << Previous | Next >> | Last |
Sundararajan Easwaran at 07:49 AM - Jul 13, 2018 ( )

Lalit sir,

We always watch your posts.  Please publish your posts sir.

Rakesh Dedhia at 01:25 AM - Jul 13, 2018 ( )

what happened no more postings ???

Periasamy Thevanagounder at 12:39 AM - Apr 23, 2018 ( )

Thank you very much sir

1 to 3 out of 3

Login to participate in discussion.