Last Week we gave Chopad level of 31420 Bank Nifty Opened with Gap down So no opportunity came to trade as per Chopad level. Let see how to trade on in coming week as we have important time cycle confluence on 15 July.
Bank Nifty Harmonic Pattern
Till we are holding 30300 we can rally towards 31000/31666/32000.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Now coming week Bulls need to move above 30666 for a move back to 30870/31000/31333/31500 Bearish below 30500 for a move back to 30346/30150/29920/29800.
Gann Angles
Near Gann Angle Support of 30350. Close below 30350 we can see decline towards 29800/29500. Bulls have there chance only above 31000 now.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 15/19 July is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 30666 for a move back to 30870/31000/31333/31500 Bearish below 30500 for a move back to 30346/30150/29920/29800.
Bank Nifty Monthly
Below 30300 we can see a decline towards 30000/29500. Bullish above 31000 for July month.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:30610
Bank Nifty Resistance: 30772,31026,31225
Bank Nifty Support:30400,30175,29920
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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