Pattern, Price and Time: Using Gann Theory in Technical Analysis
Nifty Daily Chart Nifty Daily chart post a grim picture we have broken 200 DAM and sustained below it for 2 days.Medium trend charts shows break in trendline from the rally started at 5460 levels to 6100. RSI is oversold and MACD is also giving bearish signal.Whole street is bearish and looking at the way … Read more
Nifty Hourly Chart Nifty Hourly chart are in oversold zone and a fierce bounce can come which can take indices back to 5709 levels which is middle bollinger band. On hourly chart RSI and STOC are in oversold region. If we continue fall we can see levels of 5500 on cards where we can see … Read more
Nifty Intra Day Trading System I present the Nifty Intra day trading system which is profitable and having good success ratio on trending day like today. As you can see in Intra Chart we have just 21 EMA on a 5 Mins Chart@http://niftyrtcharts.blogspot.com/ How it Works: Wait for first 15 Mins of trade to find … Read more
Rajesh Exports Buy above 143 Tgt 146.5 and 153 Orbit Corporation Buy above 71.25 Tgt 73.2,76.3 and 81.3 SL 67 KSK Energy Venture Buy above 122 Tgt 128 and 136 SL 115
Nifty Daily Chart After 2 Weeks Nifty was able to show some green tick on weekly charts after a roller coaster trading with a gain of meagre 0.74%. As seen in Daily chart Nifty in short term is trading in lower down trending channel while long term trendline is still intanct on Daily chart which … Read more
Nifty Hourly Chart Nifty Hourly chart is showing a trading range of 5630 – 5750 levels As shown in chart break on either side of range will give a breakout and some quick points can be minted. Buy above 5750 Tgt 5771,5761,5803 and 5825 Sell below 5692 Tgt 5655,5630,5606 and 5550 Nifty Daily Chart Trading … Read more
Strides Acrolab Strides Acrolab taking support at 200 DMA as shown in chart with higher bottom formation and facing resistance at upper trendline as shown in chart again BUy above 413 Tgt 417 423 and 429 Sell below 406 Tgt 400 394 Sesa Goa Sesa Goa was able to close above its 100 DMA ob … Read more
Petronet LNG Petronet is forming a triple top with MACD giving a positive crossover Buy above 131.7 tgt 133.5,136 sl 127 ICICI BANK ICICI Bank is trading near its 200 DMA and in channel as shown in chart Buy above 1024 tgt 1035 and 1047 Reliance Industries Reliance is forming a symmetrical triangle on daily … Read more
Nifty Weekly Chart Nifty Weekly Chart shows the breach of the bullish channel we were trading in from past 1-1.5 years and it has been breached for some 2 times before but after a quick whipsaw was back in channel again.Will it be 3 time lucky? VIX Chart VIX the fear factor is on its … Read more
And it happened again When all Street was short and the surprise rally in spite of a pathetic IIP number which came in middle of afternoon. Let see technically what happened: Market was crashing like a pack of cards from past 6 days. FII sold just 3000 cores and people got fearful on the way … Read more