05 Aug- 09 Aug 2024: BANK NIFTY Weekly Predictions

By | August 4, 2024 6:34 pm

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.

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.

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