Nifty 50 technical analysis for 12 March 24

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In daily tf

*** making of head and shoulder
*** bearish diversion, momentum down
*** bearish candlestick
*** resistance - 22540 : 22600
*** support - 22420 : 22278

Hourly & 30 min

*** momentum down, bearish diversion, selling pressure
*** 30 min it's oversold position
Resistance - 22375 : 22411 : 22430 : 22470 & previous high
Support - 22297 : 22217 : 22160 : 22115 : 22084 : 21960 & 21868

In intraday pull back can be seen as bullish diversion form in last trading session

All levels and information given are educational purposes only. No buy / sell recommendation. 🙏

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