BANK NIFTY Weekly Analysis 22 April- 26 April 2024

By | April 21, 2024 4:31 pm

Last Week Our Analysis Trend Change level was  48392 Bears were able to do all  target on upside.

Coming week we will have Monthly Expiry and combo of Gann and Astro Date so another volatile week coming.

  • Jupiter Conjunct Uranus
  • Sun Bi-Quintile Mars
  • Full Moon
  • Gann Embelem Date — 22 April
  • “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move “
  • Bayer Rule 1: The trend changes when Mercury changes its direction

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 has corrected from PRZ zone of 49015 Now 47600-47666 is zone of resistance.

Bank Nifty Gann Angles

Price has bounced from 1×2 Gann Angle.

Planetary Cycles and Bank Nifty Movements

Price reacted from Jupiter Plannetary line Support zone.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

22/25 April is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has formed a Weekly Hammer at AF Support zone. 

Bank Nifty Monthly Charts

48247 is Monthly Resistance zone 47038 is Monthly Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 47442

Bank Nifty Resistance: 47658,47874,48089,48305

Bank Nifty Support: 47226,47010,46794,46579

Levels mentioned are Bank Nifty Spot

As always I wish you maximum health and trading success

As always I wish you maximum health and trading success

As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.

Trade smartly and safely.
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.

Leave a Reply