Last Week we gave Chopad of 30777 Bank Nifty Did 1 target on downside and 1 target on upside so Average week for Chopad Followers. Lets see how to trade next week as we have important time cycle date on 26 Feb.
Bank Nifty Harmonic Pattern
Break of 30700 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 31000 for a move back to 31250,31555,31800 Bearish below 30851 for a move back to 30668/30500/30250
Gann Angles
Support at 28800-29000
Bank Nifty Gann Dates
Bank Nifty As per time analysis 23/26 Feb is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Coming week Bulls need to move above 31000 for a move back to 31250,31555,31800 Bearish below 30851 for a move back to 30668/30500/30250
Bank Nifty Monthly
Bank Nifty Bears have upper hand till we close below 31000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:30851
Bank Nifty Resistance :31000,31250,31555
Bank Nifty Support :30668,30500,30250
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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