Last Week we gave Chopad Level 21510 Bank Nifty gave Long entry chopad followers and did 1 target on Upside . Lets Analyze how to trade Bank Nifty in coming week.
Bank Nifty Hourly
As discussed in last analysis Coming week 21350 needs to be hold for a move till 21800/22000. Below 21350 fall till 21200/21000
21800 done now for coming week 21450-21500 held we will move towards 22000. Bearish below 21450 for move towards 21250/21000.
Bank Nifty Harmonic Pattern
Last Week Target done of 21747 now coming week Bulls need to hold 21450-480 for a move till 21850/22000.
Supply and Demand Analysis
21450-21500 imp Support zone.
21500 done now bulls need to hold 21320-21350 for a move till 21800/22000
Bank Nifty Gann Dates
Bank Nifty As per time analysis 17/20 April is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 200 points closing @21686 . Now for coming week bulls need to hold 21300-21350 range for the upmove towards 21800/2200. Bears below 21500 can push bank nifty to 21350/21000.
Bank Nifty Monthly
Monthly chart needs to hold 21800, Bulls to continue have upperhand towards 22000
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:21620
Bank Nifty Resistance:21800,22000,22222
Bank Nifty Support:21500,21350,21220
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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