Last Week we gave Chopad Level of 30668 Bank Nifty gave SHORT Entry did ALL Target on DOWNSIDE so “EXCELLENT WEEK” for Chopad Followers.Next week as we approach the last trading week of 2020 and Moon at Ascending Node suggesting another volatile week coming.
Bank Nifty Harmonic Pattern
31996 is important PRZ Zone.
Bank Nifty Gann Angles
Price bounced from gann angle support
Planetary Cycles and Bank Nifty Movements
Price in middle of plannets line suggesting big move should come this week also.
Bank Nifty Supply and Demand
Self Explanatory chart..
Bank Nifty Time Analysis Pressure Dates
Nifty As per time analysis 28/30 Dec is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Bank Nifty formed Hanging Man Pattern on Weekly chart.
Bank Nifty Monthly Charts
Monthly candle need to go above 30900 for a move back to 31317/31822. Bears below 30391 has upper hand till 30069/29792/29555.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:30360
Bank Nifty Resistance:30500,30786,31000,31300,31626,31999
Bank Nifty Support:30198,29990,29792,29555,29323
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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