Bank Nifty forms Bearish Engulfing, Weekly Forecast

Last Week we gave Chopad Level 15170 Bank Nifty short initiated  below chopad levels on Monday   did all target in downside by Tuesday.Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

As discussed last week
Bank Nifty broke the 180 degree support and quickly saw fall till 225, did not close below the support and again gave the recovery, and heading towards 180 @15300/15373.
High made on 15367 exactly near 180 degree than saw the fall and bank nifty broke 225/270 degree by the end of the week, Now in coming week 14216 needs to be watched which is 270 degree, closing above it can see move towards 14500/14800.

Bank Nifty Harmonic

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