Pattern, Price and Time: Using Gann Theory in Technical Analysis
As Discussed in Last Analysis High made was 28157 so bulls unable to close above 28151 and beers again got 200 points from 28151. Just a word of caution Good GDP Figure do not mean market needs to go up,Try to focus on levels to trade.Bears will get momentum below 27920 can push index towards … Read more
SUN TV Positional Traders can use the below mentioned levels Close above 772 Target 784/796 Intraday Traders can use the below mentioned levels Buy above 768 Tgt 775,783 and 790 SL 763 Sell below 760 Tgt 755,749 and 743 SL 765 JSW Steel Positional Traders can use the below mentioned levels Close above … Read more
Last Week we gave Chopad level of 27920 Bank Nifty gave long entry on upside on Monday rewarded traders handsomely,did all 3 target on Upside so excellent week for chopad followers. Lets see how we trade bank nifty in coming week. Bank Nifty Harmonic Pattern As discussed in last Analysis ABCD Pattern can resume … Read more
Last Week we gave Chopad level of 11551 Nifty Opened with Gap up so Chopad Followers did not get an Entry. Lets see how we trade nifty in coming week. Nifty Harmonic As Discussed in last analysis Pattern Invalidated as low made 11500 and now till we are holding 11500 we can rally until 11836. … Read more
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders … Read more
FII’s sold 12.8 K contract of Index Future worth 1109 cores ,1.9 K Long contract were added by FII’s and 14.7 Short contracts were added by FII’s. Net Open Interest increased by 16.8 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short … Read more
As Discussed in Last Analysis We got the expected 150 points down move below the time cycle low of 28151.Till we are below 28151 bears have upper hand can push index towards 28000/27920/27739.Bullish above 28225 for a move back to 28344/28512/28656. High made was 28157 so bulls unable to close above 28151 and beers again … Read more