05 Aug- 09 Aug 2024: NIFTY Weekly Predictions – Bramesh’s Technical Analysis
NIFTY saw the first weekly decline of 0.5% after 08 weeks of rise, 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.
Nifty Harmonic Pattern
SHARK Pattern is forming with price can fall towards till 24500-24000 till holding below 25025.
Nifty Gann Angles
Price is heading towards 3×4 gann angle at 24225
Nifty Supply and Demand
Self Explanatory Chart
Nifty Time Analysis Pressure Dates
05/08 August is the Important Gann/Astro Date for coming week.
Nifty Weekly Chart
Price is near its AF Resistance zone and made a fresh Life High.
Nifty Monthly Charts
25025 is Monthly resistance zone 24295 is Support zone.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level: 24615
Nifty Resistance: 24694,24773,24851,24919,24999
Nifty Support: 24536,24457,24379,24300,24221
Levels mentioned are Nifty Spot
As always I wish you maximum health and trading success
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