Last Week we gave Chopad of 31200 Bank Nifty did all 3 target on Upside so Excellent week for chopad followers. Lets Analyze how to trade in coming week.
Bank Nifty Harmonic Pattern
PRZ done around 32100 now bears need to break 31700 for a move back to 31300/31000.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 32000 for a move back to 32150/32385/32600. Bearish below 31700 for a move back to 31500/31225/31000.
Gann Angles
Breakout above Gann Angle bears need close below 31700 for a failed breakout else rally to continue above 32000 for a move towards 32500/32728.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 02 Dec is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Coming week Bulls need to move above 32000 for a move back to 32150/32385/32600. Bearish below 31700 for a move back to 31500/31225/31000.
Bank Nifty Monthly
Bank Nifty Bears need to close below 31700 for fall towards 31300/31000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:32000
Bank Nifty Resistance: 32150,32385,32610
Bank Nifty Support:31750,31500,31278
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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