Bank Nifty Weekly Forecast for 13-17 Aug

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.

Gann Angles

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.

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