Friends, let me tell you that W.D. Gann never traded in stocks; he preferred trading in commodities. This was because many of them were cyclical or seasonal, which made it a bit easier to understand their cycles, such as when demand would be high or low, etc.
If you've ever traded in commodities, you'll understand this well.
However, applying this cycle system to the Indian market is not very easy.
If you pay a little attention, you'll see that while the index has been showing movement for quite some time, there are many good stocks that have only been trending downwards for several months. There are also many industries whose stocks are not showing proper movement despite good results. Who can understand all this better than an investor? It's a bit difficult for a trader to grasp this.
For the past two months, we have shared with you charts of more than 100 blue-chip stocks from the Indian stock market, with time cycles plotted on them. The most important feature of these charts is that the candle representing the start of each cycle is of utmost importance. This candle acts as support or resistance in the chart, sometimes even for longer than the duration of the next cycle. You must have observed this phenomenon.
For time cycles, natural cycles are used (1, 7, 10, 13, 15, 20, 30, 45, 49, 52, 60, 90, 144 years, etc.) and the anniversary dates of major fluctuations are utilized.
We made them even smaller and used smaller highs and lows for swing trading, but the results are before you: we saw movements of up to 15-20-30-50% in a short period and short cycles.
If you've ever traded in commodities, you'll understand this well.
However, applying this cycle system to the Indian market is not very easy.
If you pay a little attention, you'll see that while the index has been showing movement for quite some time, there are many good stocks that have only been trending downwards for several months. There are also many industries whose stocks are not showing proper movement despite good results. Who can understand all this better than an investor? It's a bit difficult for a trader to grasp this.
For the past two months, we have shared with you charts of more than 100 blue-chip stocks from the Indian stock market, with time cycles plotted on them. The most important feature of these charts is that the candle representing the start of each cycle is of utmost importance. This candle acts as support or resistance in the chart, sometimes even for longer than the duration of the next cycle. You must have observed this phenomenon.
For time cycles, natural cycles are used (1, 7, 10, 13, 15, 20, 30, 45, 49, 52, 60, 90, 144 years, etc.) and the anniversary dates of major fluctuations are utilized.
We made them even smaller and used smaller highs and lows for swing trading, but the results are before you: we saw movements of up to 15-20-30-50% in a short period and short cycles.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.