Bank Nifty Weekly Forecast for Aug Expiry

By | August 25, 2019

Last Week we gave Chopad of 28225 Bank Nifty did all 3 target on downside so awesome week for chopad followers.

Bank Nifty Harmonic Pattern

27739 target on Bank Nifty till we hold low of 26570.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Now coming week Bulls need to move above 27070 for a move back to 27300/27540/27739/27900 Bearish below 26900 for a move back to 26800/26666/26450.

Gann Angles

Near Gann Angle Support of 26500 ,holding it can see move back to 27900/28500

Bank Nifty Gann Dates

Bank Nifty As per time analysis 28/30 Aug  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 27070 for a move back to 27300/27540/27739/27900 Bearish below 26900 for a move back to 26800/26666/26450.

Bank Nifty Monthly

Bank Nifty Bulls need to close above 27300 for trend to reverse and rally towards 27900/28500

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27100

Bank Nifty  Resistance: 27300,27540,27900

Bank Nifty Support:26900,26666,26500

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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