Finance Nifty Forecast for 12-16 August 2024: Key Levels and Trading Strategy

By | August 12, 2024 9:05 am

As Discussed in Last Week Analysis Finance NIFTY  Trend Deciding Level 24615 with Mercury retrograde showing its impact.

Coming Week Market will react to hindenburg research report on SEBI chief which can lead to systematic problem in stock market and Mercury changing house and Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees and “RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees” so another week of volatile move can be seen.

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.

Finance Nifty Harmonic Pattern

2400 is the current PRZ Zone for Shark Pattern till price is holding 22500

Finance Nifty Gann Angles

Price has reacted from its 2×1 gann angle resistane zone.

Finance Nifty Supply and Demand

Self Explanatory Chart

Finance Nifty Time Analysis Pressure Dates

13 August  is the Important Gann/Astro Date for coming week.

Finance  Nifty Weekly Chart

Price unable to close above its Weekly AF resistance zone formed weekly hammer.

Finance Nifty Monthly Charts

 

23600 is Monthly Resistance zone 22836 is Support zone.

Finance Nifty Weekly Chopad Levels

Finance Nifty Trend Deciding Level: 22980

Finance Nifty Resistance: 23056,23131,23206,23282

Finance Nifty Support: 22905,22830,22754,22679

Levels mentioned are Finance 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: Finance 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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