Bank NIFTY formed a weekly doji with inside bar suggesting range contraction, Coming week Mercury is going Retrograde and Venus in Virgo Zodiac both being inner plannet can lead to big move.
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
53200 is the current PRZ Zone for SHARK Pattern price has reacted from that Heading towards 50665/50000 till below 52800.
Bank Nifty Gann Angles
Price is in the middle of 2 rising gann angle forming triangle suggesting price is ready for a move towards 1×2 gann angle towards 50500/50000.
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Time Analysis Pressure Dates
05/08 August is the Important Gann/Astro Date for coming week.
Bank Nifty Weekly Chart
Price has formed Weekly Doji and Inside Bar.
Bank Nifty Monthly Charts
51800 is Monthly Resistance zone 50208 is Monthly Support zone.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level: 51196
Bank Nifty Resistance: 51425,51653,61882,52111
Bank Nifty Support: 50967,50738,50510,50225,50000
Levels mentioned are Bank Nifty Spot
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.