Bank Nifty Weekly Forecast as Multiple Astro and Gann Events Line up

By | May 16, 2021 9:44 pm

Last Week We gave Chopad Level of  33100 Bank Nifty gave Long Entry which got stopped out and Short got Triggred on Monday and all targets were done on downside so excellent week for Chopad Followers. We have Mercury at Greatest Elong,Sun Ingress,Multiple Aspect of Sun and Gann Important cycle coming in next week suggesting another  trending move can be seen in coming week.

Bank Nifty Harmonic Pattern

Till Price is holding 31500 can see ride towards 33473/34042

Bank Nifty Gann Angles

Perfect fall from gann angle resistance

Planetary Cycles and Bank Nifty Movements

Price has broken the  Jupiter Planneatry line.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis  17/20 May is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price reacted from Resistance zone on Weekly chart.

 Bank Nifty Monthly Charts

Monthly Chart above 33000 bulls have upper hand

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:32350

Bank Nifty Resistance:32527,33706,32939,33333

Bank Nifty  Support:32150,32000,31763,31350

 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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