Last Week we gave Chopad of 31181 Bank Nifty Did 2 target on downside and 2 target on upside so excellent week for Chopad Followers. Lets see how to trade next week as we have important time cycle date on 19 Feb.
Bank Nifty Harmonic Pattern
Break of 30777 can see fall extending towards 30500/30200/30000.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 30960 for a move back to 31200,31400,31666 Bearish below 30777 for a move back to 30525/30212/30000.
Gann Angles
Support at 28800-29000
Bank Nifty Gann Dates
Bank Nifty As per time analysis 16/19 Feb is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Coming week Bulls need to move above 30960 for a move back to 31200,31400,31666 Bearish below 30777 for a move back to 30525/30212/30000.
Bank Nifty Monthly
Bank Nifty Bears have upper hand till we close below 31000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:30777
Bank Nifty Resistance :30960,31200,31400
Bank Nifty Support :30525,30210,30000
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.
Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section
Follow on Facebook during Market Hours: https://www.facebook.com/pages/Brameshs-Tech/140117182685863
Follow on Twitter during Market Hours: https://twitter.com/brahmesh
Nice analysis