Nifty Bank Weekly Forecast for 07-11 Oct

Last Week we had a Chopad of 29900; Nifty Bank hit all 3 targets on the downside naking for an awesome week for chopad followers. Coming week we have a trading holiday on 08 Oct and an important astro date on 10 Oct.

Nifty Bank Harmonic Pattern

Unable to close above 28100 can see decline towards recent lows.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Nifty Bank Movements

Coming week Bulls need to move above 27900 for a move back to 28100/28300/28500. Bearish below 27600 for a move back to 27300/27100/26000.

Gann Angles

Support in the range of 26500-26800.

Nifty Bank Gann Dates

As per time analysis, 07/10 Oct is a Pressure date, an impulsive move can be seen around these dates.

Nifty Bank Weekly

Coming week Bulls need to move above 27900 for a move back to 28100/28300/28500. Bearish below 27600 for a move back to 27300/27100/26000.

Nifty Bank Monthly

Nifty Bank Bulls need to close above 28100 for a rally towards 28800/29300.

Nifty Bank Weekly Chopad Levels

Nifty Bank Trend Deciding Level:27900

Nifty Bank Resistance: 28100,28350,28500

Nifty Bank Support:27666,27500 ,27200