Pattern, Price and Time: Using Gann Theory in Technical Analysis
Happy Dussehra. May Lord Ram’s blessings be showered on you. A day of celebrations of good over evil. We celebrate “Ram’s victory over Ravan”. And it happened thousands of years ago. And we continue to do celebrations and stopped at that. Only a handful have gone on to fight the good fight to overcome the … Read more Happy Dussehra
Gold Price bounced from the ABCD harmonic pattern level and saw a move towards 51400.Now till we are holding 50430 price heading towards 51600. GOLD Gann Angle Chart Price doing consolidation near Gann Angle Suggesting big move coming. GOLD Plannetary Support and Resistace Line Price back holding the Planneatry line and moving above 50910 price … Read more Gold Weekly Trading Strategy
Rupee continued with its range bound move between 73.80-73.11. 28 Oct is important time cycle. USD INR Gann Angle Chart Price nearing the lower end of gann angle. USD INR Plannetary Support and Resistace Line Rupee continued to trade with its range bound move between plannetary lines as seen in above chart. USD INR Harmonic … Read more DOLLAR TO RUPEE – USD TO INR WEEKLY FORECAST
As Discussed in Last Analysis Bank Nifty has formed Inside Bar,unable to cross gann angle resistance, today was Sun Ingress suggesting good move should be seen in next 2 trading sessions. Bulls need to move above 24700 for a move back to 24850/24964/25281. Bears will get active below 24250 for a move back to 24050/23820/23666. Bulls … Read more Bank Nifty Ready for Big Move
FII sold 7.7 K caontract of Index Future worth 601 cores, Net OI has decreased by 465 contract, 4.1 K Long contract were covered by FII and 3.6 K Shorts were added by FII. Net FII Long Short ratio at 1.59 So FII used fall to exit longs and enter shorts. As Discussed in Last … Read more Nifty Ready for Big Move
A million new dematerialised accounts were opened for a third straight month in August, taking the total retail accounts tally to 44.46 million. Since the start of the year, close to 6 million demat accounts have got opened, a record for any calendar year, say industry participants. The surge in new account openings has been … Read more What It Takes for Day Trade for a Living
Psychology is one of the basic components of technical analysis along with mathematics and geometry. Psychology is a subject that best helps us understand human nature and emotions. It helps us to know why people feel, think and act the way they do. One of the main reason why technical analysis works is that human … Read more Why Traders Average when market moves against them ?
A cold March wind danced around the dead of night in Dallas as the Doctor walked into the small hospital room of Diana Blessing. Still groggy from surgery, her husband David held her hand as they braced themselves for the latest news. That afternoon of March 10,1991, complications had forced Diana, only 24 weeks pregnant, … Read more The Smell of Rain
The Below Strategy will be Helpful for Option Writers, We are using Historical Volatility of Index to predict the probable range of market in next 5 trading sessions. We get this Range of Expiry day close and take position next day at Open. We have 2 methodology where we have 70% Probability of Winning and … Read more Weekly Bank Nifty and Nifty Options Writing Strategy
Infratel Positional Traders can use the below mentioned levels Close above 197 Target 206 Intraday Traders can use the below mentioned levels Buy above 197 Tgt 198.2, 200 and 202 SL 195.2 Sell below 194.5 Tgt 193, 191 and 189 SL 196 HDFC Positional Traders can use the below mentioned levels Close below 2020 Target … Read more Trading using Supply Demand:Infratel,HDFC,PEL