Pattern, Price and Time: Using Gann Theory in Technical Analysis
Yes Bank Pennant formation signalling an explosive move is round the corner. Buy above 364 Tgt 368,375 and 390 SL 358 Sell below 355 Tgt 351,343 and 338 SL 358 Cairn India Buy above 331 Tgt 336,342 and 354 SL 328 Sell below 324 Tgt 320,316 and 311 SL 328 Axis Bank … Read more
FIIs bought 5395 contracts of Index Future (bought 6087 long contract and 692 shorts were entered ) worth 167 cores with net Open Interest increasing by 6779 contracts. Nifty today closed at 6204 and is the highest weekly closing since 10 Nov 20111, Nifty has formed a DOJI candlestick signalling a pause in current uptrend. Nifty was … Read more
Asian Paint Asian Paint is trading in triangle pattern with resistance at 495 and support at 475. Stock has formed a DOJI pattern with volumes signalling an explosive move is round the corner. Buy above 487 Tgt 492,495 and 500 SL 484 Sell below 483 Tgt 477,472 and 469 SL 485 Zee Limited Any … Read more
Last Week We gave the Bank Nifty Weekly Trend changer level as 10626 Bank Nifty did 2 target on downside and 1 target on upside in volatile week, so traders were able to capture both up move and down move. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Daily Bank Nifty … Read more
Sensex is 300 points from its all time high and Nifty trading at 3 year high, Lets analyze how to trade Nifty in coming week. Nifty Daily Chart Nifty Daily chart is forming a rising wedge formation, Pattern gets invalidated on close above 6207. Any close above 6229 will take nifty to next supply zone … Read more
Your level of confidence as a trader will have a huge positive impact on your success. The more confident you are the less time you will spend on second guessing your decisions. The more confident you are the more positive energy you will focus toward your desired outcome. WHERE IT COMES FROM Confidence is … Read more
FIIs bought 22563 contracts of Index Future (sold 1161 long contract and 23724 shorts were squared off ) worth 665 cores with net Open Interest decreasing by 24885 contracts.SO todays rise was backed just by short covering by FII’s , no fresh buying was done by them in 150 points rise. Caution should be used on longs. … Read more
Larsen Larsen has taken resistance at its Fibo channel and any break below 833 will see stock cracking to 798 odd levels. Bullish only above 846 for target of 898 Buy above 846 Tgt 855,867 and 879 SL 837 Sell below 833 Tgt 825,813 and 798 SL 837 Axis Bank Axis bank has … Read more
FIIs bought 5055 contracts of Index Future (bought 11683 long contract and 6628 shorts were added ) worth 155 cores with net Open Interest increasing by 18311 contracts.So even though the US Deb deal done markets used this as an opportunity to correct. Thats why I always say never try to trade as per news. Nifty opened … Read more
And so, in the proverbial 11th hour, or technically 10th hour and 10th minute before the midnight of the X-Date, the House gets the necessary 216 votes to pass the Senate bill to raise the debt ceiling, and in a final 285-144 tally, in which 87 Republicans voted yea to 144 GOP noes as all … Read more