Sunday, 4 January 2015

Bank Nifty Weekly Technical Analysis

Bank Nifty Hourly

Bank Nifty Hourly
Bank Nifty hourly chart will breakout above 19100 for target of 19800/20000.

Bank Nifty Hourly  EW Daily

Bank Nifty Hourly EW
Hourly Elliot wave analysis is shown,19166 will play crucial role next week.

Bank Nifty EW Daily

BN Daily EW
This is what we discussed last week Long term Elliot wave is drawn on Bank Nifty which gives target of 19819, so dips till 18000/17800 should be bought into.

Bank Nifty made low of 17504 and zoomed up 1500 points.

 Bank Nifty Daily Bias

Bank Nifty Daily
Bank Nifty daily bias has shown an ascending triangle breakout signifying a bullish breakout. Target of the breakout comes around 20K

Bank Nifty Gann Dates

As per time analysis 09 Jan  is Gann Turn date , except a impulsive around this date.

Fibonacci technique


Fibonacci Fans

Bank NIfty FF
Bank nifty took support@ Fibo fan line suggesting still in buy on dips mode. Now break of 19200 will suggests more  new highs are coming.

Bank Nifty Weekly

Bank Nifty Weekly Bias
Bank Nifty Weekly chart took support at middle of  AF line and harmonic pattern suggests still its in buy on dips mode.Break of 19200 will suggest bank nifty can move up and form new life high.Bank Nifty has moved in positive quadrant.
BN Weekly Time Analysis

Bank Nifty Monthly

Bank Nifty Monthly
This is what we discussed in last analysis Bank Nifty in current correction took support@ 200% channel which is extremely bullish in short term. Holding the same Bank nifty can approach to make a new life highs.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:19076

Bank Nifty Resistance:19206,19446,19596

Bank Nifty Support:18946,18816,18686

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