Bank Weekly Prediction for 17-21 Feb

Last Week we gave Chopad of 31181 Bank Nifty Did 2 target on downside and 2 target on upside  so excellent week for Chopad Followers. Lets see how to trade next week as we have important time cycle date on 19 Feb.

Bank Nifty Harmonic Pattern

Break of 30777 can see fall extending towards 30500/30200/30000.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 30960 for a move back to 31200,31400,31666 Bearish below 30777 for a move back to 30525/30212/30000.

Gann Angles

Support at 28800-29000

Bank Nifty Gann Dates

Bank Nifty As per time analysis 16/19 Feb is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Coming week Bulls need to move above 30960 for a move back to 31200,31400,31666 Bearish below 30777 for a move back to 30525/30212/30000.

Bank Nifty Monthly

Bank Nifty Bears have upper hand till we close below 31000.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30777

Bank Nifty Resistance :30960,31200,31400

Bank Nifty Support :30525,30210,30000

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

1 thought on “Bank Weekly Prediction for 17-21 Feb”

Leave a Reply