Last Week we gave Chopad Level of 41139 Bank Nifty Bears were able to do 2 target on downside, and bulls were able to achieve the ALL target on the upside. It was an Excellent week for Chopad followers. The upcoming week is crucial as we have 3 Bayer Rules getting activated on 17th April.
Bayer Rule 7: Market changes occur when Venus or Mars goes over its Aphelium Perihelium (Geocentric).
Bayer Rule 8: Market moves, mostly on the upside, occur when Venus goes over its Perihelium (Heliocentric).
Bayer Rule 30: Trend changes occur when Venus in declination passes the extreme declination of the Sun.
Bayer Rule 31: Trend changes occur when Venus in declination reaches an extreme beyond 23 degrees 26 minutes 51 seconds.
In addition, there will be a Solar Eclipse and New Moon on 20th April. Astro analysis can help identify trends and reversals in the market, and it can be used in combination with other technical analysis methods to improve the accuracy of trading strategies. Gann analysis involves studying charts and identifying support and resistance levels to pinpoint potential trading opportunities.
BANK Nifty Harmonic Pattern
42200-42300 Crucial Zone of Resistance unable to cross can lead to fall towards 41785/41579
BANK Nifty Gann Angles
Price is broken 4×3 Gann Angle
Planetary Cycles and BANK Nifty Movements
Price has broken the resistance zone heading higher towards 42800 till able to hold 42000.
BANK Nifty Supply and Demand
Self Explanatory Chart
BANK Nifty Time Analysis Pressure Dates
17/20 April is the Important Gann/Astro Date for coming week.
BANK Nifty Weekly Chart
Price is back to Weekly Resistance zone.
BANK Nifty Monthly Charts
42070-42130 is Monthly Resistnace zone.