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Gann

NIFTY 50 GANN ANALYSIS FOR WEEKLY EXPIRY OF 13 JUNE 2024...Nifty 50 Index has completed one price cycle from 23206.50 to 23439.50. We have retraced down to an important trend decider level of 23323 which is yesterday's close. We need to stay above it for the expiry day to be positive. I we gap up today 23400.65 is the level to watch on the upside. Major resistamce at 23439.50 above which we may see new all time highs till levels of 23478.30/23497.75/23526.90. I know its not possible in a single day but being aware of the levels helps us to be in the right perspective while trading so no surprises for us. On the dowside we stay below 23323 then suports are at 23293.90. Break of this level may see swift profit booking till support of 23245.30. Below this we can fall down till 23206.50. Below this can be panice area till 23167.65 and 23119.15. Trade the levels wisely and make some decent profits for yourself. Remember price is the best indicator you will in your trading career. try to work on price directly to trade fast and very objectively with clear approach to your trades. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:NIFTY
by kbr9121965
NIFTY BANK GANN ANALYSIS FOR WEEKLY EXPIRY 12 JUNE 2024Election results volatility is over and we look forward to stable government formation and thereafter next trigger will be the first annual budget of this government where the market makers will apply their capital atkeast for the next one year. The extraordinary swing on the exit polls day was a great shakeoff on intraday and short term player. Those who could realign their shorts and longs according to the markets made quick bucks. This where Gann Trading System is superior and makes regular profit booking habitual task. The level to short after ATH was 50733.50 targets where 49535,47937 and 46339. The markets obliged us with 46077 an overthrow or lost motion in Gann terms. Buying was possible above the level of 46738.50 and those who were aware of the Gann System trades are happy traders. In Gann system we measure vibrations which are percentages given by Gann and those work day in and day out. Let us come to the current weekly expiry the level of 50% as shown in chart at 49535 was important. Yesterday we made low near it at 49530.50 that a more than decent accuracy in percentage terms to trade on a 5 figure price level. Bounce back was expected to next vibration level at 62.5% at 49934.50 we got a high at 49937.10 at 10:30 am candle. Next high was at 49945.25 at 12:45 pm candle and final high at the end of the day was at 49970.30 and we closed in between the two vibration levels. The 50% between the two vibration level is 49834.50 which is important today. Critical level is 49535 to watch on downside. Extension on downside could lead us to 49135.50 and 49002.55. Upside level to watch is 49937.10. extension on upside could lead us to 5067.75 and if broken we may see new ATH around the levels of 50334.Trade the levels using your intraday skills and make decent profits. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:BANKNIFTY
by kbr9121965
SP500 GANN WEEKLY ANALYSIS FOR FOMC JUNE 11-12 2024S&P 500 index made at triple top on weekly timeframe at 5265 an important level on chart. Thereafter it corrected down for 3 weeks Gann Rule 2/3 weeks correction against the trend. Index did not break the important level of 4940 with the low coming at 4953.56 on 15 Apr 2024 week. Gann wheel shows April 12 as important. Price analysis done on Square of 52. Price Cycle completes at 52460 with usual lost motion which may overthrow the level or undershoot it as per the prevailing vibrations. We are at momentum vibration level on the index which comes at 5373.32. Weekly of 5375.08 seen on 03 June 2024 candle. Prior week low was important at price cycle level of 5200 actual low at 5191.68 on 28 May 2024 weekly candle. Market players expecting rate cuts in FOMC meet it will be interesting to see if get it and euphoria continues ahead and we meet the targets of 5460 needs to be seen. Mars and Pluto square around the same time makes it more interesting to watch it. For that we need to stay above 5373.32 and stay put above 5395 around the annoucement period. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
CBOE:SPX
by kbr9121965
HDFC BANK GANN ANALYSIS FOR JUNE 2024 MONTHLY EXPIRY HDFC Bank carries the highest weightage of 11.60% in the Nifty 50 index. It has proven its worth by creating wealth in the past and is being held in the portfolios of investors and mutual funds also. Recently it is underperforming in the banking index. All time high made was in July 2023 at 1757.50. Another lower high was made in Dec 2023 at 1721.40. The level of 1760 is important for it and needs to be crossed for further growth. Momentum can be seen in it if it crosses the level of 1830 in future. Trend decider level for it is 1515. Momentum on either side can be sen at levels of 1597 and 1433. Extended range for the monthly expiry can be seen at 1699 and 1331. Happy Trading !!!
NSE:HDFCBANK
by kbr9121965
RELIANCE IND GANN ANALYSIS FOR JUNE 2024 EXPIRYReliance Inds carries a weightage of 9.75% in the Nifty 50 Index. It has been the main stay for investors and funds for past decades. Also it has delivered the goods for the investors and will continue to do the same. Recent all time high made was 3029 on 03 June 2024. Earlier High was made in first week of March 2024 at 3024.90. So after 3 months attempts it made a double top and corrected. Earlier correction from March 2024 took it down to 2769 in second week of May 2024. Current correction took it further down to 2718.60 on 04 June 2024. Trend decider level is at 2690 above which trend is positive. Momentum can be seen above the level of 2810. It faces a resistance at 2960 for that it has to cross and close above the level of 2870. For further growth it has to cross the level of 3050 and momentum can be seen above the level of 3140. Major squaring level come s at 2910 above which it will continue the growth. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:RELIANCE
by kbr9121965
NIFTY 50 INDEX GANN ANALYSIS FOR 06 JUNE 2024 EXPIRYNifty Index is recovering from the recent fall after the all time high done on 03 June 2024 at 23338.70. The correction was a single day fall to 21303.25 a 2000 points on the downside. The Gann Rule of 50% worked perfectly today with recovery to the levels of 22524. The index hit the important 233oo level and met resistance after consolidating between 22500 and 23300 for past 3 months. Level of 22500 was hit on 07 March 2024 for the first time. For tomorrows expiry we have resistance at 22800 and we need to stay above this level for further recovery. Level of 22252.85 is the support on downside. the level of 22524 is trend decider level for tomorrow. Extensions could expand the range to 23124 and 21913. Happy Trading !!!
NSE:NIFTY
by kbr9121965
BANK NIFTY GANN ANALYSIS FOR 05 JUNE 2024 EXPIRYW D Gann had said if you know the begining you can predict the ending. Gann also gave the importance to Time more than the Price. So lets use come to Time and start from the Gann Year 21 March 2024 to 20 March 2025. Having said this we agree that the last Gann year eneded at 20 March 2024. So the bottom made there is the start for the current year. See the swing high and low chart marked for analysis. Yesterdays saving grace was we are yet to break that low of 20 March 2024 made at 45828.80. The break of this low will mark a decent correction and we will correcting the rise from earlier years. As per swing marked intraday trade was possible from 50470.15 till 46491.85. One may feel it is after event analysis. Lets take it with a pinch of salt. The Gann Analysis method remains the same. For those who need proof to go and anlyse the past data and get proof on their own. Coming to the weekly expiry today the level of 46491.85 is important for any recovery to happen. Also breach of 45828.80 will open the downside for more correction. So be cautious when trading today. When sentiments are high they swings are very wild and cause a big dent on your trades and more damage to your portfolios. On the upside we need to stay above 47154.90 for sustained recovery we need to stay above 47596.75. Trend decider level is 48481.00. Above this level only we may see good recovery and stability in the index. For the Price Cycle we completed one cycle within the Time cycle of 50%. So we have moved at the rate of 2x1 angle on the index. We need to sustain above 46500 levels with major resistance at 48500. Happy Trading !!!
NSE:BANKNIFTY
by kbr9121965
1
#BB Another Wave Is Ready. Just Ride it**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
NIFTY 50 INDEX GANN ANALYSIS FOR MONTHLY EXPIRY 30 MAY 2024Nifty 50 Index made an ATH at 23110.80 on 23 May 2024 at 11:45 candle. Thereafter it saw profit booking after hitting the psychological figure of 23000. We retraced to an important level of 22857 as seen on charts. Next day we opened gap up but missed the 23000 figure by1/2 points and closed near 22888 levels. We saw further gap down opening on 29 May 2024 where we opened below the level of 22857 and continued downwards during the day. Important level to watch is 22683. For tomorrow expiry range to watch is 22741 and 22625. Beyond which we may see extension on either side to 22741 and 22567. Further expansion if seen could take us to next range of 22799 and 22451. Make use of the levels and make some decent profits for self. Also spread the word. Happy Trading !!!
NSE:NIFTY
by kbr9121965
#SLERF Green Light: Buy Now, Reap the Rewards Later!**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
BANK NIFTY GANN ANALYSIS FOR MONTHLY EXPIRY OF 29 MAY 2024Bank Nifty hits a high at important level of 49671.30 as the chart shown. Momentum shorts triggered below 49356.30 level. After the top formed we got two good opportunities to short at that level both yesterday and today. Third opportunity was little below the level at 49327.75 at the afternoon candle of 12:45 seen on chart. Target was 49096.15 which was achieved all the three times with support at the level of 49043.95. For tomorrow this cluster levels of 49096.15 and 49043.95 are important as support. if broken down we may see expansion on downside to 48887.10. The level of 48887.10 is the trend decider level. If broken then expiry could be in the hands of bears. o the upside the resistance can be seen at 49200.75. Above this bulls will be in control and take the index till 49357.60 and above. Use the volatility in your favour with the levels given and make some decent profits. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:BANKNIFTY
by kbr9121965
FINNIFTY WEEKLY EXPIRY GANN ANALYSIS FOR 27 MAY 2024FINNifty hit an important level of 22126.55 and gave up the gains intraday as seen on chart. Fall was expected till 21914 but we ran an overthrow to 21868.70. Important range to watch tomorrow is 21993.75 and 21914.05. Range expansion till 22100 and 21861. Above it breakout and fakeout rules both applicable. Bias level for the day is 21993.75. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:CNXFINANCE
by kbr9121965