Pattern, Price and Time: Using Gann Theory in Technical Analysis
Nifty daily charts are attached her by 1. Nifty has for formed a Bullish Hammer Formation 2. The significance of this pattern will be confirmed on Monday if we see a white candle or nifty opening gap up and sustaining that move.3. Nifty futures has left a bear gap between 4976 and 4964. This gap … Read more
Stock has shown a strong support at 100 EMA in dec crash and this crash also showing a very good and strong support,It took support at 965 and showed a bounced with rising volume showing bulls are having good upper hand on this counter,Buy on dips till 100 EMA holds Levels to be watched buy … Read more
Strides Acrolab is showing good moves and is showing bullish channel from a low of 154 to a high of 312.Stock is trading above its 5 EMA and takinf support at 20 SMA which is being shown in charts as above,Stock is a buy on dip canditate. It faces channel resistance at 288-92 range.Once that … Read more
Aban formed a double bottom on daily charts.Good support is a the levels of Rs 1122-42 levels and double bottom formation is visible on charts.Trade with a positive bias in this stock. Levels which needs to be watched out on the upside are 1251 1297 and 1380
Nifty if we take fibo retracement of 5320 from 4539 Golden Ratio of 61.8% Retracement comes at 4828 Area This should provide good support. Resistance at 4930 and 4980 (200 SMA) Region
Selling accepted in DCHL if it breaks 161 Target for Intra 159 and 156
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JSPL has been under bear threat for almost Today volumes were quiet high and stock did not broke its 20 Week MA @665 if thats agin held toomrow intiate longs for a target of 675 685 and 692
IRB Forming Double Top @282 once that breaks and trade above that buy for a tgt of 286 295 and 299
Stock is a excellent uptrend.Every time taking support at 5 EMA and going up now if it holds 309 on closing basis longs can be taken for a target of 318,322,327