BANK NIFTY Weekly Technical Analysis as Venus goes Retrograde

By | December 19, 2021 8:33 pm

Last Week we gave Chopad level of 37400 Bulls got whipsawed but Bears did all target on downside so excellent week for chopad followers as  Mercury and Venus Ingress showed impact and we got trending move. Now Coming week we have Venus Retrograde so another big week coming ahead.

Bank Nifty Harmonic Pattern

Bullish PRZ formed till we are holding 35500 bulls can rally towards 37000

Bank Nifty Gann Angles

Weekly Outside bar in Bank Nifty near support of 35500-35600

Planetary Cycles and Bank Nifty Movements

Price has broken the Jupiter line heading towards 35193 once its break 35500.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 20/23 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

On Weekly chart price has formed a Outside bar heading towards 50 WSMA @35242

Bank Nifty Monthly Charts

Bulls need to move above 35760 for a move towards 36042/36267/36500/36917. Bears below 35500 move towards 35193/34885/34555.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:35760

Bank Nifty Resistance:35931,36244,36558,36729,36954

Bank Nifty Support:35555,35193,34908,34666,34444

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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