Last Week we gave Chopad of 31400 Bank Nifty did all 2 target on downside and 3 target on upside so Excellent week for chopad followers. Lets Analyze how to trade in coming week.
Bank Nifty Harmonic Pattern
Heading towards 32400/32768 above 32160..
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 32050 for a move back to 32222/32400/32581/32768. Bearish below 31900 for a move back to 31700/31500/31300.
Gann Angles
Support at Gann Angle at 31900
Bank Nifty Gann Dates
Bank Nifty As per time analysis 18/20 Dec is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Coming week Bulls need to move above 32050 for a move back to 32222/32400/32581/32768. Bearish below 31900 for a move back to 31700/31500/31300.
Bank Nifty Monthly
Bank Nifty Bulls heading towards monthly resistance of 32730-32768 till we are holding 31721.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:32050
Bank Nifty Resistance: 32222,32400,32768
Bank Nifty Support:31900,31721,31400
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
Great Analysis and your support and resistance level are very useful for every trader.