Last Week we gave Chopad level of 26810 Bank Nifty gave Short entry on Monday did all 3 target on downside so EXCELLENT week for chopad followers. High made for the week was 26805 just near to our Chopad level and we got a 600 points downside. Bank Nifty made top on 25 June and Bottom on 28 June so time cycle worked till perfection.Lets see how we trade Bank nifty in coming week as we have confluence of time cycle on 05-06 July.
Bank Nifty Harmonic Pattern
Waiting for target of 27190 till we are 26200.
Supply and Demand Analysis
Self Explanatory chart..
Planetary Cycles and Bank Nifty Movements
As discussed in last analysis For coming week Bullish above 26810 for a move towards 26920/27063/27200/27350.Bearish below 26555 for a move back to 26400/26225/26150/26000.
Bearish leg got activated and made low till 26162 near our target of 26150. For coming week as we confluence of time cycle 05-06 July Bulls need close above 26444 for a move back to 26666/26920/27064. Bearish below 26352 for a move back to 26210/26064.
Gann Angles
Waiting for 27000/27200 till we are holding 27200.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 05/06 July is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 349 points closing @26766 .As discussed in last analysis Coming Week Bullish above 26810 for a move towards 26920/27063/27200/27350. Bearish below 26555 for a move back to 26400/26225/26150/26000.
Bearish leg got activated and made low till 26162 near our target of 26150. For coming week as we confluence of time cycle 05-06 July Bulls need close above 26444 for a move back to 26666/26920/27064. Bearish below 26352 for a move back to 26210/26064.
Bank Nifty Monthly
Bulls need to close above 26500 for momentum to continue in their favor for July series, else bears will push index back to 26000
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:26443
Bank Nifty Resistance :26700,27920,27087
Bank Nifty Support :26210,26064,25800
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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Can you please refer me links for understanding this strategy thoroughly, that how it works ?
Buy above chopad keel 50 points sl and wait for tgt
what is mean of chopad level ? How it can be use for analysis of bank nifty ?
Its a a trading strategy we developed based on vedic numbers..