Last Week we gave Chopad Level 19006 Bank Nifty gave long entry on Monday which got stopped out and short did 2 target on downside . Lets analyze how to trade in coming week.Lets analyze How to trade in coming week.
Bank Nifty Hourly
As discussed in last Analysis Coming week 18550-500 range which is middle line line of channel, holding the same we can see bounceback towards 19000. Break of 18500 can see move towards 18264. Bank Nifty did not close below 18500 and saw pullback on Friday
Coming Week break of 19000 can again seen move towards higher end of channel at 19500.
Bank Nifty Harmonic
As discussed in last Analysis Coming week if we hold 18550 we can see move towards 19000/19250.
19000 done, Now closing above 19000 can see 19250/19300.
Coming week Bullish on close above 19000 for target of 19230/19500. Bearish on close below 18490 for move towards 18280/18070.
Bank Nifty Supply and Demand
Bulls need to hold above 18800 for next move towards 19229/19500 Bearish below 18750 for 18150/17910.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 09/12 Aug is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 27 points closing @18925 closed above the upper end of the AF line, As discussed in last analysis . weekly close above 19000 for move till 19580/19888
Bank Nifty Monthly
Monthly chart support at 38.2 % fibo ratio and resistance at 23.6%
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:19054
Bank Nifty Resistance:19192,19331,19450
Bank Nifty Support:18916,18800,18550
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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