Last Week we gave Chopad Level 24336 Bank Nifty gave Long Entry on Monday, Stop out on Tuesday and short taken on Tuesday got 1 target on downside,Wednesday was again choppy day and got stopped out on Longs,so bad week for Chopad followers.Lets see How to trade Bank Nifty in coming week.
Bank Nifty Hourly
Bank Nifty bulls need to trade above 24510 for uptrend to continue till 24800/25000. Bearish below 24200 for a move towards 23950/23755
Bank Nifty Harmonic Pattern
BAT Pattern target till 25000 holding 24200.
Supply and Demand Analysis
Self Explanatory chart..
Bank nifty corrected from gann angle resistance as shown in above chart and now gann angle support at 23800 and bounce from that. Perfect trade in between gann angles. Above 24480 again a move towards 25000, Below 24200 move towards 23800/23500.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 04/08 Sep Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 150 points closing @24434 closing below the AF line, Bulls need a close above 24510 for a move towards 24820/25000. Bearish below 24200 for a move towards 23950/23755/23540/23255/23000.
Bank Nifty Monthly
Now bears need close below 24000 for next move towards 23500/23000. Bullish above 24470 for a move towards 25000/25300.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:24480
Bank Nifty Resistance:24580,24720,24950
Bank Nifty Support:24340,24200,24000
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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