Bank Nifty Weekly Forecast for 19-23 Nov

By | November 19, 2018

Last Week we gave Chopad level of 25700 Bank Nifty gave a short trade and did 1 target on downside and Long target on upside did 3 target. Lets see how we trade Nifty in coming week as we approach time cycle date of 19 Nov.

Bank Nifty Harmonic Pattern

 

No Valid Harmonic Pattern Observed.

 

Supply and Demand Analysis

 

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 26320 for a move towards 26500/26832  Bearish below 26000 for a move back to 25800/25500.

Gann Angles

Again Bounced from gann angle support.

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 19/23 Nov is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 474 points  closing @26245 .Coming week is very crucial as important time cycle date of 23 Nov is coming Bullish above 26320 for a move towards 26500/26832  Bearish below 26000 for a move back to 25800/25500.

Bank Nifty Monthly

 

For whole of November Month Bulls close above26320 for bullish trend to continue towards 26500/26600. Any break of 26000 can see fast fall towards 25800/25500.

 

 

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26320

Bank Nifty Resistance:26500,26656,26800

Bank Nifty Support:26200,26000,25784

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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