Last Week we gave Chopad Level 24480 Bank Nifty gave Short Entry on Monday, got 1 target on downside,Bank Nifty was not able to cross chopad levels for the whole week.Lets see How to trade Nifty in coming week as new time cycle starts from 11 Sep.
Bank Nifty Harmonic Pattern
Gartley Pattern target till 23405 below 24200.
Supply and Demand Analysis
Self Explanatory chart..
Bank nifty corrected from gann angle resistance as shown in above chart and now gann angle support at 23800 and bounce from that. Perfect trade in between gann angles. Above 24480 again a move towards 25000, Below 24200 move towards 23800/23500.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 11/12 Sep Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 63 points closing @24370 closing below the AF line, Bulls need a close above 24510 for a move towards 24820/25000. Bearish below 24200 for a move towards 23950/23755/23540/23255/23000.Bank Nifty new time cycle start 11 Sep-18 Sep.
Bank Nifty Monthly
Now bears need close below 24000 for next move towards 23500/23000. Bullish above 24470 for a move towards 25000/25300.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:24350
Bank Nifty Resistance:24480,24620,24850
Bank Nifty Support:24150,24000,23860
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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