The Future of Bank Nifty After Mercury Retrograde: A Weekly Forecast Analysis

By | May 14, 2023 7:38 pm

Last Week we gave Chopad Level of  42694 Bank Nifty Bulls were able to achieve all target on the Upside. It was an Excellent week for Chopad followers. Coming Week we have Mercury Retrograde getting over Jupiter Ingress and Bayers Rule so another exciting week coming.

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

43200-43300 Crucial Zone of Support, Breaking the same fall towards 42500/42000, Break of 44151 can rally can extend towards 44500/45000

BANK Nifty Gann Angles

Price is again broekn 4×3 Gann Angle heading towards 2×1

Planetary Cycles and BANK Nifty Movements

Price is back to resistance zone of Jupiter Planneatry line

BANK Nifty Supply and Demand

Self Explanatory Chart

BANK Nifty Time Analysis Pressure Dates

15/19  May is the Important Gann/Astro Date for coming week.

BANK Nifty Weekly Chart

Price has broken out of Weekly Resistance zone. 

BANK Nifty Monthly Charts

43347  is Monthly Support zone. 44708 is Monthly Resistance

BANK Nifty Weekly Chopad Levels

BANK Nifty Trend Deciding Level: 43696

BANK Nifty Resistance: 43972,44180,44388,44597,44805

BANK Nifty Support: 43486,43277,43067,42858,42648

Levels mentioned are BANK Nifty Spot

As always I wish you maximum health and trading success

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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