SENSEX GANN ANALYSIS FOR MAY EXPIRY 3 HOURS CHART 10 MAY 2024...
Sensex has made a Double Top on 09 Apr 2024 at 9:15 at 75123.30 which was ATH and 10 Apr 2024 at 12:15 at 75105.14. 75000 was a big round number to watch and an achievement in itself for Sensex. Thereafter we saw Profit Booking coming in very fast on it. We corrected downwards till 71816.46 at 9:15 am on 19 Apr 2024. We had a cluster support coming in at 71883.94 and
71981.81 on it. Then came a good recovery to make another Double Top at 75111.39 at 12:15 on 30 Apr 2024 and Lower Top was 75095.18 at 9:15 0n 03 May 2024. This near the Gann Mid Seasonal date of 05 May. Sensex was unable to sustain above 75000 in four attempts made by it. So return journey had targets till the earlier lows of 71816.46 made on 19 Apr 2024.
Currently we have targets of 72334.18 on 09 May 2024 at 15:15. The level to watch for today are 72470.75 as our trading bias. Range to was is 72764.15 and 71177.34 for trading purpose. Any expansion could see extended range of 73057.55 and 71883.94. We are done a lot of damage till now and are very near double bottom levels. So be ready for any pull back if it comes it will be very furious. So do not get trapped in it.
Happy Trading !!!
71981.81 on it. Then came a good recovery to make another Double Top at 75111.39 at 12:15 on 30 Apr 2024 and Lower Top was 75095.18 at 9:15 0n 03 May 2024. This near the Gann Mid Seasonal date of 05 May. Sensex was unable to sustain above 75000 in four attempts made by it. So return journey had targets till the earlier lows of 71816.46 made on 19 Apr 2024.
Currently we have targets of 72334.18 on 09 May 2024 at 15:15. The level to watch for today are 72470.75 as our trading bias. Range to was is 72764.15 and 71177.34 for trading purpose. Any expansion could see extended range of 73057.55 and 71883.94. We are done a lot of damage till now and are very near double bottom levels. So be ready for any pull back if it comes it will be very furious. So do not get trapped in it.
Happy Trading !!!