Pattern, Price and Time: Using Gann Theory in Technical Analysis
Last week we gave the Chopad level of 18680 Bank Nifty did 1 target on upside and with big gap down the Shorting trade was avoided . Lets analyze how to trade market in coming wee. Bank Nifty Hourly Bank Nifty need to sustain above 3×1 and 4×1 line for bulls to act else 18400/18300 … Read more
Last week we gave Chopad Levels of 8500 , Nifty rewarded chopad followers on downside meeting all 3 targets. Lets analyze how to trade market in coming week. Nifty Hourly Chart Nifty hourly chart with gann box is shown above, breakout comes above 8665 and support exits near 3×1 and 2×1 degree gann line around … Read more
FII’s bought 46 K contract of Index Future worth 1154 cores ,40.4 K Long contract were added by FII’s and 5.5 K short contracts were added by FII’s. Net Open Interest decreased by 34.9 K contract, so today’s rise was used by FII’s to enter longs in index futures and exit shorts .6 Stages Of A … Read more
Very interesting description of how traders evolve over time. The pieces of advice Bo Yoder and Vadym Graifer give at the end of the article are spot on. Definitely worth reading as every trader worth his salt can relate to all the different stages. Enjoy. Stages of a Trader Stage One: The Mystification Stage This … Read more