NIFTY 50 Weekly Technical Analysis

By | November 21, 2021 6:00 pm

Last Week we gave Chopad level of 18133  Bulls did 1 target on upside and bears did all target on downside so excellent week for chopad followers. Coming week we have monthly expiry, Sun Ingress and Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees coming in effect so exciting week ahead.

Nifty Harmonic Pattern

PRZ Zone at 17879 holding the same rally till 18000/18112

Nifty Gann Angles

Price corrected from resistance line formed OUTSIDE BAR pattern,very strong reversal pattern.

Planetary Cycles and Nifty Movements

Plannetary Support 17666 Resistance 18112

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 23/25 Nov is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Price heading towards Support zone with outside bar formation.

Nifty Monthly Charts

Bulls need to break 17826 for a rally back to 17887/17949/18108. Bears below 17688 for a fall towards 17610/17555/17485

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 17799

Nifty Resistance: 17887,17949,18020,18108

Nifty Support:17729,17666,17610,17555,17485

Levels mentioned are 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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