NIFTY Weekly Analysis 13 May-17 May 2024

By | May 13, 2024 9:14 am

Last Week Our Analysis Trend Change level was    22492 Bears were able to do all  target on dowside.

Coming week we have again a combination of Astro and Gann Date Confluence so another volatile week is coming.

  • SUN Conjunct Uranus
  • Mercury Ingress
  • Mercury Conjuct Venus Helio
  • Mercury Square Pluto
  • Gann Embelem Date

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.

Nifty Harmonic Pattern

Price has corrected from PRZ zone of 22700 and closed below 22527 and almost did the target on downside.

Nifty Gann Angles

Price has unable to close above its 3×4 Gann Angle suggesting trend is Sell on Rise till we close above 22527.

Planetary Cycles and Nifty Movements

Price has reacted from  Mercury Plannetary line resistance zone.

Nifty Supply and Demand

Self Explanatory Chart

Nifty  Time Analysis Pressure Dates

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

Nifty Weekly Chart

Price has formed Weekly Bearish Engulfing after  Weekly DOJI last week.

 Nifty Monthly Charts

22388 is Monthly resistance  zone 21993 is Support zone. 

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 22009

Nifty Resistance: 22083,22158,22233,22307,22385

Nifty Support: 21934,21859,21785,21710

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

Category: Daily

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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