Last week we gave the Chopad level of 18720 Bank Nifty opened with gap down and show a swift recovery from the lows and gave a long entry to Chopad followers and did 2 target on upside. Lets analyze how to trade market in coming week as we have many index heavyweight declaring results.
Bank Nifty Hourly
Bank Nifty need to sustain 19000 level for to continue in uptrend as per classic TA resistance should act as support now.
Bank Nifty Hourly EW
Hourly Elliot wave analysis is shown, 19250 will play crucial levels next week.
Bank Nifty Pyrapoint Indicator
Bank NIfty has been trading in the range of 135 and 90 degree pyrapoint angle, 90 degree has proved to be an elusive resistance from past 2 months.Bank Nifty is on verge of breaking 90 degree line will it be a genuine breakout ?
Supply Demand Zone
Demand and supply zones are shown above,Entered the supply zone, will it be able to cross ?
Bank Nifty Murry Math Line
Bank Nifty is heading towards crucial bank nifty MML pivot of 20000 which again has acted strong resistance for quiet some time as shown in above chart, Bulls needs to make sure 18755 is protected going forward.
Gann Box
As per gann box holding 50% green line should be held and cross of 1x 2 from move towards 19500/19800.
Bank Nifty EW Daily
Use dips to keep accumulation quality banking stocks. Long term targets are still pending as shown above.
Who bought banking stocks should have been rewarded handsomely, profit booking is always advised.
Bank Nifty Daily Gunner
Crossed 1×2 gann line heading towards horizontal line quadrant.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 20/24 July is Gann Turn date , except a impulsive around this dates. Last week we gave 14 July Nifty saw a volatile move .
Fibonacci technique
Gann Fans
61.8% retracement @19255 also gann 4×1 line so zone should be closely watched for further price action.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 374 points closing @19094 , price again held its 55 WSMA able to cross 20WSMA and median of AF line. Holding the same it can move to 19500 zone target as per AF. Time Analysis of showing positive move after 14 June worked perfectly as bank nifty has never seen a red weekly closely.
Bank Nifty Weekly Gunner
Weekly gunner 19300 and green arc needs to be crossed if not will see pullback towards horizontal grey line
Bank Nifty Monthly
This is what we have been discussing Monthly chart after 2 Month of hammer candlestick, has started the July month of bullish note till 18260 not broken bias is bullish.
Hope traders got rewarded. Now Monthly are near Breakout level, if we crossed and sustained above 19300 we can see big moves in bank nifty.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:19076
Bank Nifty Resistance:19206,19336,19466
Bank Nifty Support:18946,18816,18686
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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