NIFTY BANK Weekly Technical Analysis

By | November 21, 2021 8:34 pm

Last Week we gave Chopad level of 38225 Bulls did 1 target on upside and bears did all target on downside so excellent week for chopad followers. Coming week we have monthly expiry, Sun Ingress and Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees coming in effect so exciting week ahead.

Bank Nifty Harmonic Pattern

PRZ Zone at 37744 holding the same rally till 38594/39117

Bank Nifty Gann Angles

Price corrected from resistance zone.

Planetary Cycles and Bank Nifty Movements

Price took resistance at Jupiter Planneatry line and saw big downmove and closed below it.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 23/25 Nov is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

On Weekly chart price has broken support zone.

Bank Nifty Monthly Charts

Bulls need to break 38302 for a rally back to 38628/38954. Bears below 37729 for a fall towards 37500/37225

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:38125

Bank Nifty Resistance:38420,38628,38812,39040,39300

Bank Nifty Support:38000,37729,37500,37225,37000

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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