NIFTY Weekly Analysis 27 May- 31 May 2024 – Bramesh’s Technical Analysis
Last Week Our Analysis Trend Change level was 22527 Bulls were able to do all target on upside and Nifty made a frsh all time high in a heavy astro week.
Coming week we have Monthly expiry and Jupiter Ingress so we can see a trend change as Jupiter being an outer plannet leads to trend changes as per past instances.
- “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move “
- Jupiter Saturn Aspect
- Mercury Conjunct Uranus
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
Price is heading towards the completion of ABCD pattern in range of 23050-23100.
Nifty Gann Angles
Price has unable to close above its 3×4 Gann Angle.
Planetary Cycles and Nifty Movements
Price has reacted from Mercury Plannetary line Support zone.
Nifty Supply and Demand
Self Explanatory Chart
Nifty Time Analysis Pressure Dates
27/31 May is the Important Gann/Astro Date for coming week.
Nifty Weekly Chart
Price has formed Weekly Bullish Engulfing and bounced from AF support zone.
Nifty Monthly Charts
23169 is Monthly resistance zone 22527 is Support zone.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level: 22953
Nifty Resistance: 23028,23103,23178,23225,23300
Nifty Support: 22878,22802,22727,22652,22577
Levels mentioned are Nifty Spot
As always I wish you maximum health and trading success
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