Nifty technical analysis for 27th Feb 2024

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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. 🙏

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