Pattern, Price and Time: Using Gann Theory in Technical Analysis
Nifty Hourly Charts Nifty Hourly chart is giving a SELL call as per our 5 EMA and 20 SMA system.Sell was generated at 5910 levels.Hourly overbought is getting corrected and slowly indicators are moving to oversold zone. On Hourly charts Nifty is forming a FLAG pattern formation which is low of 5822 is held can … Read more
Breakout Trading System/Breakout Trading Strategy What Is a Breakout? A breakout is a stock price that moves outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock … Read more
HDFC HDFC is moving in a trendline channel as shown in above chart. Buying should be done only a sustained move above 720. ON Daily Charts RSI and Stochastic are in overbought zone. Stock will enter into uncharted terrotiry after a move above 720 Buy above 720 TGt 728,735 SL 715 Sell below … Read more
Nifty Hourly Chart Nifty Hourly charts with a combination of 21 EMA is shown.Nifty on hourly chart has broken the channel and took support at its 21 EMA. On Hourly Charts Nifty has become SELL as it has closed below its Hour High EMA@5907. Watch out 21 EMA on hourly chart any close below … Read more
Tata Steel Tata Steel daily has formed Hanging Man Candlestick on Daily charts. Hanging Man A bearish candlestick pattern that forms at the end of an uptrend. It is created when there is a significant sell-off near the market open, but buyers are able to push this stock back up so that it closes at … Read more
AB Nuvo AB Nuvo has been trading in the range of 715 to 849 from past 2-3 months. AB is now hitting the upper range of its trading range on low volumes which make the case of short sell Looking at momentum indicators RSI is in overbought zone which also adds strenght to our … Read more
Nifty continued its upward journey fulled by FII inflows and clocked up another 3% gain for the week.After 8 days of rally Nifty finally closed in red this friday.Nifty has been on dream run taking everyone by surprise but this is how market dynamics. Market always does the unexpected . Hourly Charts On Hourly … Read more