Bank Nifty Weekly Forecast for 12-16 March

By | March 11, 2018

Last Week we gave Chopad Level 24850 Bank Nifty gave multiple entry  for  short  as per Chopad Level in last week, Stop were triggered for 1 time and 2 time  did all 3 target on downside, Awesome  week for Chopad followers. Lets see how we trade nifty in coming week as we approach the crucial time cycle confluence on 15-16 March.

 

Bank Nifty Harmonic Pattern

PRZ Done as per Gartley pattern now holding 24250 we can see move towards 24896.

Supply and Demand Analysis

 

Self Explanatory chart..

Gann Angles

Bounced from gann angle, Holding above 24250 we can see bounceback towards 25000.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 14/ 16 March is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 606 points  closing @24296. As discussed in Last analysis  Now for coming week Bulls need to go above 25000 for rally towards 25250/25500. Bearish below 24760 for a move towards 24500/24222.

All Bearish target done. Now for coming week Bulls need a close above 24555 for a move towards 24840/25040. Bearish below 24250 for a move towards 24000/23700. 15-16 March again we are getting confluence of time cycle.

Bank Nifty Monthly

As we are near monthly support level we can see bounce back till 25000-25555

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:24444

Bank Nifty Resistance :24600,24874,25000

Bank Nifty Support :24300,24150,23920

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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3 thoughts on “Bank Nifty Weekly Forecast for 12-16 March

  1. suresh

    well it seems to open directly without any hussle

  2. Bramesh Post author

    Can you please check again .. its working fine for us..

  3. meharkch

    Dear Bramesh Sir,

    Kindly check from your end, why user is unable to access “http://www.brameshtechanalysis.com” directly.

    Rather I’m google for your old posts then I’m scrolling to bottom of the page and clicking on your latest posts to see the latest posts..

    Kindly verify the same and fix at the earliest.

    Thank you.
    Mehar

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