Last Week we gave Chopad of 30820 Bank Nifty did 1 target on Upside and 2 on downside so awesome week for chopad followers. Lets Analyze how to trade in coming week as Mercury goes retrograde.
Bank Nifty Harmonic Pattern
Till we are holding 30050 we can rally towards 32k.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 31050 for a move back to 31230/31500/31718. Bearish below 30800 for a move back to 30500/30225/30000/29777/29500.
Gann Angles
Going in Resistance zone of 30800-31000. Above it move towards new high.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 18/21 Nov is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Coming week Bulls need to move above 31050 for a move back to 31230/31500/31718. Bearish below 30800 for a move back to 30500/30225/30000/29777/29500.
Bank Nifty Monthly
Bank Nifty Bulls need to close above 30500 for rally towards 31100/31700
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:31050
Bank Nifty Resistance: 31230,31450,31710,31900
Bank Nifty Support:30850,30500,30225
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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