I know it becomes difficult to trade when the scrip is playing at a new high. It's hard to determine the good levels to trade on with no support at left side. But here I come as a saviour, lol.
These levels are Gann levels and calculated without looking at the left side. Everything is calculated manually using a calculator. (No, I am not revealing any formula here.) Trade between the levels. Use your strategy or whatever methods you use. Don't sit and predict where it will go. Just trade on the both sides. If you're new you can see my previous work on Gann-
Also, do give a like, comment, follow, share, subscribe, press the bell button, smash the keyboard, whatever, shower some love to keep me motivated.
good analysis. will mkts come down further. where is the support can I ask u?
yogi_sharma_elliottician
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@ykmohan7, market can come down to fill the gaps around 15910 and 16150 levels. And these levels can be used with confluence with fibonacci retracements or EMAs according to individual preference.
rhjain
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@yogi_sharma_elliottician, Hello Yogi, Mkt touch today 16179, is this the end or we may see further downside before it touches the new high 16500 this week, appreciate you reply.
yogi_sharma_elliottician
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@rhjain, umm, I don't trade NSE, but yes we can expect more lows before 16500, still playing intraday is much better option and between those levels instead of predicting future moves.