Nifty 50 technical analysis for 11th March 2024

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Weekly analysis of Nifty 50

Monthly tf

*** bullish candlestick, momentum inclined (overbought zone)
*** price is above all ma, closing faced resistance at 22500
*** coming resistance 23200 & support 22050 (pivot)

Weekly tf

*** bullish hammer candlestick (on top) other as per monthly tf
*** coming resistance 23200 & support 22010 (pivot)

Daily tf

***hammer candlestick (on top), bearish diversion, momentum flat
*** price is above all ma, heading toward upper channel as price is trade between a upward channel
*** coming resistance 22650 & 22705
*** support 22413 & below 22275

Hourly tf

### price closed below 9 ma.. Bearish candlestick, momentum down.. Bearish diversion..
### resistance 22545 & support 22430

Intraday

### bearish candlestick, momentum downward, bearish diversion...
### price is only above 50 ma
### resistance - 22504 : 22570 : 22610 : 22679 : 22715
### support - 22460 : 22440 : 22405 : 22350 & 22313

All information and levels given here are for educational purposes only. No buy / sell recommendation. 🙏
DYOA before any action. Or consult with your financial advisor. 😉

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