Solar Eclipse : BANK NIFTY Weekly Analysis 08 April-12 April 2024

By | April 7, 2024 4:42 pm

Last Week Our Analysis Trend Change level was  47113 Bulls were able to do all  target on upside.

Coming week we are seeing Multiple Astro Events as discussed below, We also have Trading Holiday on 11 April so we will see NIfty and Bank Nifty Weekly Expiry on 10 April

  • Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule
  • Bayer Rule 22: The trend changes if retrograde Mercury passes over the Sun. Sun Conjuct Rx Mer
  • NEW MOON
  • SOLAR ECLIPSE
  • MOON AT PERIGEE
  • VENUS DECLINATION
  • PLUTO DECLINATION

 

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

Price formed Bearish ABCD Pattern with PRZ Zone at 49015.

Bank Nifty Gann Angles

Price has closed above its 1×2 Gann Angle and near its important time cycle 08 April price .

Planetary Cycles and Bank Nifty Movements

Price is back to  Jupiter Plannetary line resistance zone.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

08 April is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has formed a weekly engulfing pattern heading toward all time high of 48636

Bank Nifty Monthly Charts

47444 is Monthly Resistance zone 46039 is Monthly Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 48586

Bank Nifty Resistance: 48804,49203,49241,49460

Bank Nifty Support: 48368,48149,47931,47712,47555

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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