Pattern, Price and Time: Using Gann Theory in Technical Analysis
Nifty Hourly Nifty Hourly Chart as discussed in Previous post 5600 should be crossed and sustained for further upmove. Nifty crossed the levels briefly but was unable to sustain the same.Reliance AGM was a reason for market to correct š 5600 becomes psychologically more significant level. As Seen from Hourly chart on Downside we have … Read more
Mphasis Mphasis after 27% fall on bad results during the result season has unable to recoup its losses. Technically looking it looks poised for breakout above 485 levels for short term. Indicators are showing short term strength. Buy above 485 Tgt 491,497 and 505 Nifty Hourly Nifty as expected gave a bounce back from … Read more
Nifty Hourly Chart As seen from Hourly Chart Nifty was unable to cross 5600 which is the swing high before the previous fall. Negative Divergence was observed in RSI but we would require a price confirmation of the same. Nifty was able to cross over 5565 the Fibo resistance which is a booster to Bulls … Read more
Nifty Hourly Nifty Hourly charts as discussed before 5510Ā was the main resistance and break above that made nifty to close above an important short term resistance of 5555. Now nifty is entering into another zone of resistance which was previously the swing high of 5601 which needs to be crossed and 5590 levels where … Read more