Retrograde Mercury :Bank Nifty Weekly Forecast

By | May 30, 2021 9:22 pm

Last Week We gave Chopad Level of  34444 Bank Nifty gave Long Entry 3 targets were done on upside so excellent week for Chopad Followers. Coming week we can see another good move as Mercury goes retrograde/Sun Rahu Conjuction and Gann Date coming.

Bank Nifty Harmonic Pattern

Now price need to hold 35040 for upmove towards 35581,35824,36022,36300

Bank Nifty Gann Angles

Price heading back to  gann angle resistance

Planetary Cycles and Bank Nifty Movements

Price has heading towards Jupiter Planneatry line of Resistance.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis  31 May/02 June is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price broken out from Resistance zone on Weekly chart.

 Bank Nifty Monthly Charts

Monthly Chart above 34651 bulls have upper hand

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:35225

Bank Nifty Resistance:35436,35581,35824,36022,36300

Bank Nifty  Support:35040,34899,34729,34410,34165

 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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