Technical View: Bank Nifty Weekly Forecast

Last Week we gave Chopad Level of 21904 Bank Nifty did all 4 target on Upside Not a single day closed below 21320 so Excellent Week for Chopad Followers. Coming Week 13 July is very important Astro Date.

Bank Nifty Harmonic

PRZ Zone completed at 23000,Bears below 22300 can push towards 21932/21525.

 

Bank Nifty Gann Angles

Closed above Gann Angle resistance.Break of 22300 can see a fall towards 21932/21525/21333 to check the strength of gann angle

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 22525 for a move back to 22700,22972,23150,23400.Bears will get active below 22300 for a move towards 21932/21700/21525/21333

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 13/16 July is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bulls will become active above 22525 for a move back to 22700,22972,23150,23400.Bears will get active below 22300 for a move towards 21932/21700/21525/21333

 Bank Nifty Monthly Charts

Bulls will become active above 22525 for a move back to 22700,22972,23150,23400.Bears will get active below 22300 for a move towards 21932/21700/21525/21333

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:22300

Bank Nifty Support:22150,21932,21700,21525

Bank Nifty  Resistance:22525,22700,22972,23150,23400

 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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