Nifty technical analysis for 26th Feb 2024

Good morning everyone 🙏

Hope you find my analysis useful.

Nifty trade plan for 26th Feb 2024

We'll do multi timeframe analysis as it's a fresh week started.

Monthly TF

* bullish candlestick
* momentum upside
* price is above all ma
* coming resistance 23179 & support 21540 (pivot points)

Weekly TF

* hammer made on top
* momentum sideways slightly upward
* price is above all ma
* coming resistance 23201 & support 21541 (pivot points)

Daily TF

* bearish candlestick
* momentum flat
* price is above all ma
* immediate resistance 22649 & support 22040

Hourly TF (swing or positional)

* bearish candlestick & price is closed exactly below resistance
* momentum down
* price above ma
* resistance - 22250 - 22300 & if cross then again make new ATH
Support - 22120 - 22070 - 21980


Intraday traders

Price down.. Momentum down . . Closing below 13 & 20 ma

Resistance - 22220 : 22260 : 22275 & above 22300
Support - price close exactly on support
22180 : 22157 : 22111 : 22080


All information given above is for educational purpose. No but / sell recommendation.🙏

Thank you🙏