Last Week we gave Chopad level of 29383 Bank Nifty did all 3 target on downside so excellent week for chopad followers.Let see how to trade on in coming week as we have RBI policy.
Bank Nifty Harmonic Pattern
No Valid Harmonic Pattern Observed.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Now coming week Bulls need to move above 28224 for a move back to 28561/28900/29241 Bearish below 28057 for a move back to 27889/27556/27225
Gann Angles
Near Gann Angle Support of 28100 ,holding it can see move back to 28500/28900.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 05 Aug is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 28224 for a move back to 28561/28900/29241 Bearish below 28057 for a move back to 27889/27556/27225
Bank Nifty Monthly
We have monthly close in coming week Bulls will get upperhand towards 28320.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:28225
Bank Nifty Resistance: 28500,28731,28920
Bank Nifty Support:28057,27889,27600
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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