BANK NIFTY Weekly Technical Analysis

By | December 12, 2021 9:33 pm

Last Week we gave Chopad level of 36079 Bulls did all target on upside and Bears did 2 target on downside so excellent week for chopad followers as Venus Ingres showed its impact.Coming Week we have Double Ingress which should lead to another round of trending move in Nifty.

Bank Nifty Harmonic Pattern

Bullish PRZ formed till we are holding 35500 bulls can rally towards 37000 37000 done now above 37400 rally till 38434

Bank Nifty Gann Angles

Price heading higher towards 1×1 line

Planetary Cycles and Bank Nifty Movements

Price broke  Jupiter and Mercury  Planneatry line. Rally towards Sun Red line towards 38500 till we are holding 36800.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 13/16 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

First Higher Low and Higher High on Weekly chart.

Bank Nifty Monthly Charts

Bulls need to move above 37400 for a move towards 37592/37783/37975/38167. Bears below 36919  move towards 36733/36547/36069

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:37400

Bank Nifty Resistance:37592,37783,37975,38168,38360

Bank Nifty Support:37200,36919,36733,36547

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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