Bank Nifty Weekly Forecast for 07-11 Dec

Last Week we gave Chopad Level of 29650 Bank Nifty gave LONG Entry did all target on Upside   so “EXCELLENT WEEK” for Chopad Followers.Next week will be very Intresting we are near Important price reversal zone of 13277 and time cycle of 10 Dec.

Bank Nifty Harmonic Pattern

30227  is important PRZ Zone.

Bank Nifty Gann Angles

Price broke out above gann angle.

Planetary Cycles and Bank Nifty Movements

Price in middle of plannets line suggesting big move should come this week.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 08/10 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price heading towards Resistance zone and also entering 66 week from Aug 2019 Low.

 Bank Nifty Monthly Charts

Monthly candle need to go above 29792 for a move back to 30200/30600/31000. Bears below 29500 has upper hand till 29000/28666.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30100

Bank Nifty Resistance:30227,30426,30610,30800,31000,31430

Bank Nifty  Support:29920,29788,29610,29414,29200

 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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