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26th February, 2024 – Technicals

Analysis , Charts , Information , Weekly

Pixarts Trade February 24, 2024 07:07 PM

:: NIFTY 50

26th February, 2024 - Technicals
Fig. NIFTY Daily Chart
26th February, 2024 - Technicals
Fig. Nifty Weekly Chart
26th February, 2024 - Technicals
Fig. Price Patterns for NIFTY 50

View :

A bullish triangular flag pattern is evident on weekly time frame, which has been confirmed. Looks like more upside is possible.

On a daily time frame after a bullish move and a pause, NIFTY tested new all time high and traded rangebound in the last session, hence a good sign for more upside moves.

Important Levels


BANKNIFTY

26th February, 2024 - Technicals
Fig. Banknifty Daily Chart
Fig. Banknifty Weekly Chart
Fig. Price Action

View :

In the weekly chart after very strong wick at the bottom, a green but indecisive candle is formed last week.

On the daily time frame, a trendline break out fail like candle is formed. Its a wait and watch.

Important Levels

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