Nifty 50 Index

NIFTY Levels for 26-02-2025

27
Resistance Levels (Red Lines)
Strong Resistance: 22,980.00
Resistance-2: 22,845.35
Resistance-1: 22,714.35
BreakOut Level: 22,593.45
The price is below all resistance levels, meaning upside movement might face selling pressure at these levels. If the price moves above 22,593.45, it may target 22,714.35 and 22,845.35. A breakout above 22,593.45 can push the price toward 22,714.35 and possibly 22,845.35.

Support Levels (Green Lines)
BreakDown Level: 22,476.00
Support-1: 22,392.50
Strong Support: 22,303.75
The BreakDown Level (22,476.00) is crucial.
If the price breaks below this level, it may fall further toward 22,392.50 and 22,303.75. A breakdown below 22,476.00 can drag the price toward 22,392.50 and 22,303.75.

Pattern Analysis:
The Roof Pattern shows a sloping downtrend after forming a peak.
The BreakOut Level (22,593.45) is the key resistance. A breakout above this level could lead to a retest of 22,714.35. The Base Line of the pattern suggests possible downside continuation if support levels break.


כתב ויתור

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