Last week we gave the Chopad level of 18816 Bank Nifty achieved 3 target on downside rewarding discipline chopad followers .Lets analyze how to trade next week.
Bank Nifty Hourly
Bank Nifty with gann angles are shown, took support at 8×1 and now need to close above 4×1 for bulls to get momentum.
Bank Nifty Hourly EW Daily
Hourly Elliot wave analysis is shown, 17450 will play crucial levels next week.
Bank Nifty Pyrapoint Indicator
Traded well in the range of Pyrapoint Analysis Support @225 degree line , resistance at 180 degree line.
Supply Demand Zone
Self Explanatory chart depicting Supply and Demand zone.
Bank Nifty Channel
Close below its 200 DMA and now is heading towards gann 45 degree line which should hold for some relief rally.
Bank Nifty Harmonic
Butterfly pattern completed, above 17800 bulls can move towards 18000/18200.
Bank Nifty EW Daily
Use dips to keep accumulation quality banking stocks. Long term targets are still pending as shown above.
Murry Math Line
Took support at MML line, next price action will be interesting.
Bank Nifty Daily Gunner
On Daily chart near important Gunner resistance @1*2 line,close above it will lead to trend change
Bank Nifty Gann Dates
Nifty As per time analysis 08 June/10 June is Gann Turn date , except a impulsive around this dates. Last week we gave 02 June/05 June Nifty saw a volatile move .
Again held on to its 38.2 % as per FF
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 1172 points closing @17549 , price again got rejected near its 20 WSMA and holding 50 WSMA and also AF line . We are in neutral to negative time cycle till 14 JUne.
Bank Nifty Weekly Gunner
Bank Nifty Monthly
Bank Nifty On Monthly chart prices got reject on higher end of Fibonacci channel now held the 61.8% retracement.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:17516
Bank Nifty Resistance:17646,17906,18036
Bank Nifty Support:17386,17256,17126
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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