Last week we gave the Chopad level of 17516 Bank Nifty achieved 2 target on downside and 1 target on upside rewarding discipline chopad followers .Lets analyze how to trade next week.
Bank Nifty Hourly
Bank Nifty with gann angles are shown, took broke at 8×1 went till price channel bounced back to touch 8×1 gann line and now need to close above 8×1 on hourly basis for bulls to get momentum to move towards 4×1 line.
Bank Nifty Hourly EW Daily
Hourly Elliot wave analysis is shown, 17200 will play crucial levels next week. Holding the same initial move can be seen till 17800/18000.
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. Again bounced back from the demand zone 🙂
Bank Nifty Harmonic
Bank Nifty has completed its Cypher pattern holding the low of 17200 can see initial bounce towards 17800 above that 18200.
Bank Nifty EW Daily
Use dips to keep accumulation quality banking stocks. Long term targets are still pending as shown above.
Bank Nifty Daily Gunner
On Daily chart as per Gunner has taken support at the horizontal line and also close above the 1*1 gann line now move above 17800 can see good move on upside 18150/18400.
Bank Nifty Gann Dates
Nifty As per time analysis 17 June/19 June is Gann Turn date , except a impulsive around this dates. Last week we gave 08 June/10 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 25 points closing @17523 forming a weekly Doji , price again held its 50 WSMA and also AF line . We are in neutral to bullish time cycle from 15 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:17525
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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