Pattern, Price and Time: Using Gann Theory in Technical Analysis
As 2013 comes to an end, Many new traders will enter market, Seasoned traders would like to improve their trading performance and traders who would have lost would like to turn their account in positive. I wish each one of them, a very Profitable year ahead. My special thanks to my Readers, Wishing them and … Read more
JSPL Trading near its 200 DMA,any close above 267 gives short term target of 280 and 288. Buy above 263.5 Tgt 266,269 and 272 SL 262 Sell below 261 Tgt 259.8,257 and 254 SL 262.5 Colgate Positional traders should keep ab eye on 1364. Any close above 1364 stock is heading to 1400 and … Read more
FIIs sold 1225 contracts of Index Future worth 42 cores with net Open Interest increasing by 2603 contracts, so FII’s added shorts in today’s session. Nifty opened with a gap up made a high of 6344 and pulled back, as discussed in last analysis. 6259 still holds the key for bulls,Holding the same we can … Read more
In continuation of Previous Article Trade in Private Never under any circumstances reveal your trading positions to anyone. Your mind must be in complete harmony with your trading positions. When you reveal your positions to someone, they will immediately start to question the trade and start to erode your confidence and concentration in the trade. You will … Read more
Bank Nifty Hourly Bank Nifty hourly charts is forming an ascending triangle formation.Breakdown below 11400 and breakout above 11530 Bank Nifty Daily Bank Nifty on daily chart is near its trendline resistance unable to cross the pullbackback is expected to fill upside unfilled gaps. Fibonacci technique Fibonacci fan Bank Nifty Fibonacci fan are wonderful tool … Read more
Market last week has been trading in a very narrow range led by reduced institution activity on the back of Christmas and New Year holiday.Action was in Midcaps/Smallcaps as both Index were up by 3.6% and 2.5% respectively. As we approach last week of the calendar year and NAV adjustments are likely to take place.FII … Read more
As the finale of 2013 approaches, we are each presented with an opportunity to reflect back while looking towards the future. The dawning of a new year is the perfect time to set new goals and embark down uncharted paths. Now is the time to plan your Resolution. What are our top trading resolutions for … Read more
ICICI Bank ICICI bank is consolidating in small range ,Breakout come above 1087 for short term target of 1131 and breakdown below 1087 for target of 1064. Buy above 1100 Tgt 1106,1112 and 1119 SL 1098 Sell below 1096 Tgt 1092,1086 and 1079 SL 1098 JSPL Buy above 262.5 Tgt 265.5,268 and 272 SL … Read more
Nifty continued to trade above the channel but again failed to close above 6300 level for 3 day. Today was another day of consolidation, 3 days of consolidation. Nifty should hold 6265 level for up move to continue till 6337-6357 odd levels,failing to close above it we can see down move near 6200 odd levels. … Read more
Eric Barker has a new article (link here) on how to win every argument. The article had a point which made me think whether the same situation happens in trading. So it quoted an experiment by psychologist Drew Westen, which showed to supporters, footage of their favorite candidates completely contradicting himself. The experiment found that as … Read more