Bank Nifty Weekly Forecast as Multiple Astro and Gann Events Line up

By | May 23, 2021 8:35 pm

Last Week We gave Chopad Level of  32350 Bank Nifty gave Long Entry  all targets were done on downside so excellent week for Chopad Followers. We have Saturn Retrograde,Total Lunar Eclipse and Gann Important cycle coming in next week suggesting another  trending move can be seen in coming week May Month Expiry.

Bank Nifty Harmonic Pattern

All Bullsih target done of last week,Now price need to hold 33736 for upmove towards 35555/3600036523

Bank Nifty Gann Angles

Price heading back to  gann angle resistance

Planetary Cycles and Bank Nifty Movements

Price has heading towards Jupiter Planneatry line of Resistance.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis  23/26 May is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price reacted from Resistance zone on Weekly chart.

 Bank Nifty Monthly Charts

Monthly Chart above 33736 bulls have upper hand

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:34444

Bank Nifty Resistance:34700,35000,35300,35555

Bank Nifty  Support:34200,33880,33512,33300

 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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Category: Bank Nifty Weekly Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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