ajnil87

Nifty technical analysis for 27th Feb 2024

NSE:NIFTY   Nifty 50 Index
Hello everyone,

Hit the like button if you like my initiative 👊

Yesterday I've already post weekly analysis. Please go through that post also.

Market closing slightly weak still it's on above 21800

**Daily price closed at crucial support if 22100 broke then 22020 & 21960 below this 21865
**Resistance 22180 & 22300
** momentum flat,
** bearish candlestick


Hourly

**Momentum flat to downside slightly
** price closed above 50 ma
** making c & h formation
** small bearing candlestick
** resistance - 22160 : 22185 : 22210
** support - 22080 - 22026 - 21980 : 21950 : 21870

Intraday traders
Price is in consolidation between 22180 & 22080 .
Any breakout and decide trend..
** bullish diversion seen
** price closed below ma
** inverted h & s pattern seen
** resistance 22210 - 22245 - 22280
Support - 22060 - 21980 - 21930 - 21860


All information given is for educational purpose only. No buy / sell recommendation. 🙏

Thank you🙏





Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.