Last week we gave the Chopad level of 18686 Bank Nifty achieved 1 target on upside and 1 target on downside .Lets analyze how to trade next week.
Bank Nifty Hourly
Bank Nifty on hourly charts is forming triangle pattern suggesting breakout/breakdown. Till trading above 18707/18637 bias on bullish for target of 19000/19250.
Bank Nifty Hourly EW Daily
Hourly Elliot wave analysis is shown,18905 will play crucial role in coming week.
Bank Nifty Pyrapoint Indicator
Strong support @135 degree line @18400, resistance at 90 degree line @ 19090.
Supply Demand Zone
Bank Nifty Channel
Entered back in channel and crossed 100 DMA.Follow up move required.
Bank Nifty Harmonic
Almost done with one round of rise can see pullback if 18905 is not crossed.
Bank Nifty EW Daily
Traders who bought dips near 17500/17700 should have been rewarded.
Bank Nifty Market Profile
As per Market Profile 18640 should be watched in coming week below that 18392 /18071 is short term target. Above it can move towards 19000/19500.
Bank Nifty Daily Gunner
On Daily chart near important Gunner support , which showed bounceback and now moving towards red line.
Bank Nifty Gann Dates
Nifty As per time analysis 13 April/15 April is Gann Turn date , except a impulsive around this dates. Last week we gave 06 April/08 April Day and Nifty saw a volatile move on both the days .
Close above its 50 % retracement as per FF heading towards 61.8%
61.8 % number is 18803 should be watched.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 183 points closing @18803 , entering the support line of Andrew Pitchfork and closing below its 20 WSMA @18758 which has given support in past 3 times.Entering a new quadrant next week which is going to be volatile with positive bias.
Bank Nifty Weekly Gunner
Bank Nifty Monthly
Bank Nifty On Monthly chart prices got reject on higher end of Fibonacci channel now approaching the 61.8% retracement.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:18816
Bank Nifty Resistance:18946,19076,19206
Bank Nifty Support:18686,18556,18296
Levels mentioned are Bank Nifty Spot
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.
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