Nifty Weekly Analysis for 20-24 Nov

By | November 19, 2017

Last Week we gave Chopad Levels  of 10355,  Nifty gave Short Entry as per Chopad Level Monday rewarded Chopad Followers as it did 3 Targets on Downside, so Great  week for Chopad followers. Lets see How to trade Nifty in week as we approach the crucial trend change date of 22 Nov.

 

Nifty Harmonic

 

 As discussed in last analysis Now range of 10240-60 is important if held we are heading towards the target of ABCD pattern of 10560.

BUlls were able to make weekly close above 10250, Keeping the target intact for 10560.

Nifty Gann Angles

Trading in between gann angles on Weekly Time Frame, On Daily time frame we did price and time squaring saw a big move of 250 points in 2 days.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 22 Nov is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 28  points  closing @10284  As discussed in last analysis  Coming week till nifty is holding 10260 we are heading towards 10450/10500/10560.Bearish below 10240 for a move towards 10123.

Bearish target done of 10123, Now for coming week Bulls need to hold 10250 for the next move towards 10350/10410/10490. Bearish below 10220 for a move towards 10100/10000. 22 Nov is very important trend change date.

 

Trading Monthly charts

10100 is playing an important resistance zone on Monthly chart, Nifty finally closed above it now we need monthly closing above 10300 for next move towards 10576-10600.November is crucial month for trend change.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10300

Nifty Resistance :10350,10410,10480

Nifty Support :10240,10170,10100

Levels mentioned are 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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10 thoughts on “Nifty Weekly Analysis for 20-24 Nov

  1. Deepesh

    Gracias Monsieur, for considering the suggestion. Much appreciated!

  2. Bramesh Post author

    THanks..

    15 is reversal level for a tgt of 17/19/21 SL 12

  3. Bramesh Post author

    Thanks.. Chopad is simple buy above it with 21 point SL

    Chopad level calc we do not share to anyone..

  4. Bramesh Post author

    thanks.. we have implemented the same under category section right side bar..

    thanks for suggesting keep them coming !!

  5. Deepesh

    Namaste BBhai, just a request. Could you add search option for article categories like Trading education, Stories, Gann analysis etc. ( like in older version of blog) ?

    It will be hugely beneficial for novices to revisit and learn. Thanks

  6. nagarajan1660

    Sir, As usual a very nice analysis and valuable inputs.

    I request you to provide a brief note on Chopad trading like how you provide guidelines on how to use Trend Changer levels.

    Also, does your Training module provide Chopad level calculation and Trend changer calculation ? Please advise.

    Regards

    SN

  7. KT

    Dear Brameshji,

    I think some part of your explanation is missing under NIFTY GANN ANGLES – Kindly look into the same.

    Thanks

  8. Sameer

    Hi Brahmesh… I have been followig yopur blog and it is full of immense knowledge

    Please keep up the good work

    Would love to take up courses with you and gain some knowledge ..

    Request if you can analyse Suzlon Chart as it is showing Hammer ..

    Appreciate your feedback

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