Pattern, Price and Time: Using Gann Theory in Technical Analysis
Last Week we gave Chopad Level 15550 Bank Nifty did 2 target on downside and 1 Target on Upside. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty was supporting at 180 degree during the whole past of last week, Opened gap down on Friday below 180 but quickly … Read more
Last Week we gave Chopad Levels of 7457 , Nifty gave short entry on Monday which got stopped out on Friday and did not achive the target of 7380, Nifty was unable to close above the Chopad level of 7457 till Friday,Once it closed above it on Hourly basis on Friday we had the big … Read more
Technical analysis is a science of forecasting the price of stock/index/commodities based on price and volumes data. Technical analysis is practiced in two main categories Charts Patterns Technical Indicators Chart Patterns — A chart pattern is a pattern that is formed within a chart when prices are graphed. In stock and commodity markets trading, chart … Read more
FII’s bought 23.9 K contract of Index Future worth 1327 cores ,20.4 K Long contract were added by FII’s and 3.4 K short contracts were liquidated by FII’s. Net Open Interest increased by 17 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures. Every Success Story … Read more
As discussed in last analysis We should big move tomorrow, Support below 15400 comes at 15237 and resistance at 15713. Bank Nifty opened with gap down near gann arc as shown below and as soon as moved above 15237 bulls took control and rallied bank nifty till 15550. Now for coming 2 days Bank Nifty … Read more
Failure is the highway to success. Tom Watson Sr. said, “If you want to succeed, double your failure rate.” If you study history, you will find that all stories of success are also stories of great failures. But people don’t see the failures. They only see one side of the picture and they say that … Read more
LT Positional/Swing Traders can use the below mentioned levels Close below 1072 Tgt 1021/987 Intraday Traders can use the below mentioned levels Buy above 1085 Tgt 1095,1116 and 1130 SL 1076 Sell below 1072 Tgt 1062 ,1050 and 1025 SL 1083 TVS Motor Positional/Swing Traders can use the below mentioned levels Close … Read more
FII’s sold 29.6 K contract of Index Future worth 1597 cores ,103 K Long contract were Liquidated by FII’s and 57.7 K short contracts were liquidated by FII’s. Net Open Interest decreased by 161 K contract, so fall in market was used by FII’s to exit long and exit shorts in Index futures. Using Your Intuition … Read more
As discussed in last analysis Bank Nifty Resistance at 15713 crossing the same can see fat move till 15882/16000. Bearish only on break of 15400. Bank Nifty was unable to close the demand zone of 15713 and took support near the gann horizontal line, so trading in a zone before seeing a breakout/breakdown. We should … Read more
Using Your Intuition Skillful traders know how to use their intuition to make quick, conclusive decisions. There are times when going with your “gut” instinct can be shrewdly accurate. There are also times, though, where your intuition can be dead wrong, and nothing more than wishful thinking. A seasoned, profitable trader knows the difference, and … Read more