Last week we gave the Chopad level of 17525 Bank Nifty achieved 2 target on upside and 1 target on downside rewarding discipline chopad followers .Lets analyze how to trade next expiry week.
Bank Nifty Hourly
Bank Nifty with gann angles are shown, need to close above 3×1 on hourly basis for bulls to get momentum to move towards 2×1 line.
Bank Nifty Hourly EW Daily
Hourly Elliot wave analysis is shown, 17950 will play crucial levels next week. Holding the same initial move can be seen till 18200/18400.
Bank Nifty Pyrapoint Indicator
Traded well in the range of Pyrapoint Analysis Support @180 degree line , resistance at 135 degree line.
Supply Demand Zone
Self Explanatory chart depicting Supply and Demand zone. Again bounced back from the demand zone 🙂
Bank Nifty Harmonic
As discussed last week Bank Nifty has completed its Cypher pattern holding the low of 17200 can see initial bounce towards 17800 above that 18200.
17800 done waiting for 18200 once 17950 is crossed in coming week.
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 17900 can see good move on upside 18150/18400.
Bank Nifty Gann Dates
Nifty As per time analysis 22 June/25 June is Gann Turn date , except a impulsive around this dates. Last week we gave 17 June/19 June Bank Nifty saw a volatile move .
Again held on to its 38.2 % and heading towards 50% as per FF
17969 and 18055 should be closely watched for coming week.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 357 points closing @17880 , price again held its 55 WSMA and also AF line . We are in volatile to bullish time cycle for coming week.
Bank Nifty Weekly Gunner
Weekly Gunner gave us single of Bull rally coming, holding red arc. Heading towards the grey line.
Bank Nifty Monthly
Bank Nifty On Monthly chart prices got accepted at lower end of Fibonacci channel now held the 61.8% retracement.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:17906
Bank Nifty Resistance:18036,18166,18296
Bank Nifty Support:17776,17646,17516
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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