Pattern, Price and Time: Using Gann Theory in Technical Analysis
-by Swami Sukhabodhananda There was a belief in an empire that whoever becomes its emperor, would go to heaven and inscribe his name on a golden mountain. A man believing this ideology, toiled throughout his life, sacrificed his happiness and became the emperor. When he died, he went to heaven. The gatekeeper at the doors … Read more
United Sprits Positional Traders can use the below mentioned levels Close above 2351 Target 2440 Intraday Traders can use the below mentioned levels Buy above 2365 Tgt 2389, 2403 and 2428 SL 2350 Sell below 2340 Tgt 2325,2330 and 2661 SL 2355 Hindalco Positional Traders can use the below mentioned levels Close above 194 … Read more
As discussed in last analysis Low made was 9474 so bulls were able to protect 9478 on downside High made was 9522 so bears did not let bull cross 9525 so we traded in a small range before June expiry,Bulls will get active above 9525 for a move towards 9565/9610. Bearish below 9470 for a … Read more
As discussed in Last Analysis Bank Nifty made low of 23114 and high of 23322 so both bulls and bears got whipsawed after yesterday fall, as we approach expiry. Bullish above 23350 for a move towards 23600/23900. Bearish below 23100 for a move towards 22900/22600. Bank Nifty moved between the gann angles as shown in … Read more
People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes. The problem is not in being uncomfortable per se, the real problem is that our efforts … Read more
IDEA Intraday Traders can use the below mentioned levels Buy above 84 Tgt 84.7, 85.8 and 86.9 SL 83 Sell below 82.5 Tgt 81.5,79.4 and 78.3 SL 83.4 Bank Baroda Intraday Traders can use the below mentioned levels Buy above 156.5 Tgt 157.3, 158.9 and 161.3 SL 155.5 Sell below 154.4 … Read more
FII’s sold 12 K contract of Index Future worth 901 cores ,4 K Long contract were added by FII’s and 16.1 K Short contracts were added by FII’s. Net Open Interest increased by 20.1 K contract, so fall in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to … Read more
As discussed in Last Analysis We were expecting prices to bounce back but as soon as 23507 was taken out bears were on full swing and effect of price and time squaring was seen as shown in below chart. Thats the beauty of price time squaring you get impulsive move. Bears are in front foot … Read more
Biocon Intraday Traders can use the below mentioned levels Buy above 325.5 Tgt 329, 333 and 338 SL 322 Sell below 319 Tgt 316,312 and 308 SL 322 BHEL Intraday Traders can use the below mentioned levels Buy above 135 Tgt 136, 137.5 and 139 SL 133.8 Sell below 133.2 Tgt 131.5,130 and … Read more
FII’s bought 6.3 K contract of Index Future worth 621 cores ,16.6 Long contract were added by FII’s and 10.3 K Short contracts were added by FII’s. Net Open Interest increased by 26.9 K contract, so fall in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short … Read more