Last Week we gave Chopad level of 27225 Bank Nifty gave Long on Monday hot Sl and Short on Tuesday we were able to do 3 target on downside so excellent week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 19 Feb.
Bank Nifty Harmonic Pattern
Till we are holding 26450 target 27500/27900.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bulls need to close above 26920 for a move back to 27000/27225/27350. Bears will get active below 26700 for a move back to 26500/26250.
Reacted from gann angle of resistance.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 19 Feb is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 500 points closing @26794 .As discussed in last analysis Bullish above 27300 for a move towards 27360/27555/27648/27792/27936/28100 Bearish below 27100 for a move back to 27000/26920/26785/26500.
3 Bearish target done. For coming week Bulls need to close above 26920 for a move back to 27000/27225/27350. Bears will get active below 26700 for a move back to 26500/26250.
Bank Nifty Monthly
For Feb Month Bank Nifty Bulls need a close above 27000 for Bulls to continue the rally towards 28000. Any close below 27000 for a quick move towards 26750/26500/26250.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:26896
Bank Nifty Resistance:27000,27188,27305
Bank Nifty Support:26784,26635,26500
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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