Last week we gave the Chopad level of 18496 Bank Nifty achieved 3 target on downside and got stopped out on upside .Lets analyze how to trade next week.
Bank Nifty Hourly
Bank Nifty on hourly charts is entering the demand zone where it got bounced before also,17800 if held can see 300-400 point bounce in bank nifty.
Bank Nifty Hourly EW Daily
Hourly Elliot wave analysis is shown,17800/17750 will play crucial role in coming week.
Bank Nifty Pyrapoint Indicator
Resistance @135 degree line @18400, support at 180 degree line @ 17800.
Supply Demand Zone
Bank Nifty Channel
Taking support in channel and again closed below its 100 DMA. heading towards 200 DMA.
Bank Nifty Harmonic
Almost done with one round of fall can see pullback if 18450/500.
Bank Nifty EW Daily
Use dips to keep accumulation quality banking stocks.
Bank Nifty Market Profile
As per Market Profile 18116 should be watched in coming week below that 17412/17800 is short term target. Above it can move towards 18509/18700
Bank Nifty Daily Gunner
On Daily chart near important Gunner resistance @1*2 line,unable to cross the same can see deeper fall.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 28 April/30 April is Gann Turn date , except a impulsive around this dates. Last week we gave 20 April/23 April Day and Bank Nifty saw a volatile move on both the days .
Close near its 38.2 % retracement as per FF
78.6 % number is 18231 should be watched.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 343 points closing @18001 , closing below the support line of Andrew Pitchfork and closing below its 20 WSMA @18001 unable to cross above 20WSMA can head towards 50 SMA@17111 .As per gunner heading towards green arc.
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:18036
Bank Nifty Resistance:18166,18426,18686
Bank Nifty Support:17906,17776,17516
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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