Last Week we gave Chopad Level 23616 Bank Nifty gave Short entry on Monday and did the third target by Wednesday so good week for Chopad followers.Lets see How to trade Bank Nifty in coming week Bank Nifty Hourly As discussed in last analysis coming week Holding 23500 we can see rise till 23860/24000.… Read More »
As discussed in Last Analysis Bank Nifty broke 23616 and made low of 23507 before bouncing back and failed to do our target of 23474 missing by 30 points. 24 June was an impulsive turn date and price bouncing from support region as shown in chart, Both Price and Time are meeting again, suggesting if… Read More »
Last Week we gave Chopad Level 23530 Bank Nifty made low of 23535 on Monday and did 2 target of 23800 by Thursday, High made was 23897 so did not do the last target of 23970. Shorts were triggred on Friday but were not rewarding as low made was 23507 and closed above it resulting… Read More »
As discussed in Last Analysis High made was 23897 so bulls did the 1 target of 23904 and saw a intraday correction till 23694 but failed to close above 23760 and also formed a gravestone doji candlestick. Plan remains the same Bullish above 23760 for a move towards 23904/24048/24144. Bearish below 23616 for a move… Read More »
As discussed in Last Analysis Low made was 23651 and high made was 23760 so bank nifty traded in small range and protected 23500 and also formed NR7 pattern, Also we are approaching crucial time cycle day for bank nifty on 21-22 June so traders should be ready for good move in bank nifty in… Read More »
As discussed in Last Analysis As we discussed 17 June is important trend change day so low made on Friday is important ie.23391 holding the same we can continue to move higher towards our target. So we saw the effect of Geometric time cycle with Bank Nifty up by 250 points and in process doing… Read More »
As discussed in Last Analysis 17 June is important trend change date as per geometric time cycle as it being holiday we should see effect either tomorrow or Monday. Nifty bears got whipsawed again as we discussed, Prices again bounced from gann angles as shown in below chart and also closed above 23477 and now… Read More »
Last Week we gave Chopad Level 23710 Bank Nifty made high of 23630 so not giving any trade to Chopad Followers.Lets see how to trade in coming week. Bank Nifty Hourly As discussed in last analysis Now coming week 23470-23500 should be held for next upmove towards 23900/24120. Bearish below 23450 for a move… Read More »
As discussed in Last Analysis Bank nifty made low of 23311 doing our 1 target of 23300 below 23400 and also closed at 23391 , suggesting bears are having upper hand and can push nifty towards 23300/23170/23000. A Note of Caution as per below charts Nifty is trading near the crucial 1×1 line which has… Read More »
As discussed in Last Analysis Low made today was 23399.40 so bulls again protected 23400, and also closed above 23477 level, suggesting underlying strength is bullish and holding the 23400 levels we can rally back to 23760/23904. Bearish below 23400 for a move towards 23300/23170/23000. Bank nifty made low of 23311 doing our 1 target… Read More »