Last Week we gave Chopad of 29600 Bank Nifty did all 3 target on Upside so awesome week for chopad followers. Coming week we are approaching important time cycle date suggesting big move round the corner.
Bank Nifty Harmonic Pattern
Till we are holding 30050 we can rally towards 32k.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 30500 for a move back to 30700/31000/31386. Bearish below 30000 for a move back to 29800/29670/29500/29300/29100.
Gann Angles
Support in range of 29900-30000
Bank Nifty Gann Dates
Bank Nifty As per time analysis 03/07 Nov is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Coming week Bulls need to move above 30500 for a move back to 30700/31000/31386. Bearish below 30000 for a move back to 29800/29670/29500/29300/29100.
Bank Nifty Monthly
Bank Nifty Bulls need to close above 30500 for rally towards 31100/31700
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:30500
Bank Nifty Resistance: 30700,31050,31500
Bank Nifty Support:30300,30050 ,29700
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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Your chopad levels are quite good but I want to know how to keep stop loss for the same. If you take today’s example 30500 was taken on up side and before touching 1st target it came down and went down till 30300 which is another target on downside.
Keep 100 point sl