Last Week we gave Chopad level of 27666 Bank Nifty gave long entry on upside and did all 3 targets on upside so excellent week for chopad followers. Lets see how we trade bank nifty in coming week holiday shortened week.
Bank Nifty Harmonic Pattern
Price has completed the ABCD pattern, levels on short side are mentioned as in above chart. Bullish above 28400 only.
Supply and Demand Analysis
Self Explanatory chart..
Planetary Cycles and Bank Nifty Movements
Bearish below 28064 or a move towards 27920/27784. Bullish above 28300 for a mvoe back to 28500/28700 as per planetary lines.
All Bullish target done, Now bulls need a close above 28400 for a move towards 28600/28800.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 13 Aug is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 428 points closing @28124 .As discussed in last analysis Coming week is very crucial as per time analysis Bulls need close above 27734 for a move towards 27900/28068/28225. Bearish below 27485 for a move back to 27225/27064.
All Bullish target done now we are entering a trend change week as per blue line on above chart, Now bulls need a close above 28400 for a bullish move to continue towards 28666/28888/29000. Bearish below 28064 for a move towards 27920/27784/27495.
Bank Nifty Monthly
Bulls need to close above 28400 for a move continue towards 29000. Bears will get active below 28000 for a move towards 27784/27500.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:28064
Bank Nifty Resistance :28225,28412,28600
Bank Nifty Support :27920,27800,27666
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.
Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section
Follow on Facebook during Market Hours: https://www.facebook.com/pages/Brameshs-Tech/140117182685863
Follow on Twitter during Market Hours: https://twitter.com/brahmesh