Last Week we gave Chopad level of 27190 Bank Nifty gave Long on Monday we were able to do 2 target on Upside so average week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 09 Feb.
Bank Nifty Harmonic Pattern
Till we are holding 27000 target 27900.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
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.
Took Resistance at higher end of gann angle, Breakout above 27500 Breakdown below 27100.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 12/15 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 249 points closing @27294 .As discussed in last analysis Bullish above 27200 for a move towards 27360/27555/27648/27792/27936/28100 Bearish below 27000 for a move back to 26920/26785/26500.
27555 done,For coming week 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. and closed above it
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:27225
Bank Nifty Resistance:27360,27555,27784
Bank Nifty Support:27100,26920,26784
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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