Lalit Dhingra
View Profile

Correction continuation after follow up selling

Lalit Dhingra at 11:57 PM - May 03, 2018 ( ) Views: 470

3 1

Correction continuation after follow up selling 

Intra Day Chart Analysis & Market Outlook



Nifty-Intra Day Chart (03-May-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts


1- Selling between 10680-10710

2- Selling between 10690-10708

3- Consolidation between 10648-10669

4- Whole day actual trading between 10648-10712


Conclusions from intra day chart analysis 


Although Short Term correction is on but slow and Nifty out performed also all Global markets today therefore follow up selling is firstly required for correction continuation because lower levels consolidation was also seen after higher levels selling.


As selling in last 3 sessions and Intermediate Term indicators are overbought therefore correction continuation is expected but follow up selling is fistly reuqired for sustaining below today lowest

(1 to 1 out of 1) - Latest Replies on Top | First | << Previous | Next >> | Last |
Rakesh Padhi at 08:44 AM - May 04, 2018 ( )

yes, we are hearing that for 3 weeks. one day will definitely be a sell off but just to buy the dip.

1 to 1 out of 1

Login to participate in discussion.