Gann
#Bitcoin Update on 1717.06.2024#Bitcoin Update on 17.06.2024
A.O.A and Good Morning To All Brother and Sisters!
Bitcoin Try To Break the Resistance Witout any Success. But Just now Closed The Candle under Then Our Support on 4H. That Means Now If Retest. Then Bitcoin can Drop More. Where is The New Low? As I said In My Last Analysis is 64800.. Important is #BTC Dont Break Yellow area And Support 64800. Now I Wait Today Candle Close Again. For Next Decision.
I wish you all Very Day
NOTCOIN Ready for 40% downside moveGETTEX:NOT Market Alert
Price is currently rising while CVD (Cumulative Volume Delta) and open interest are declining—a potential signal for a downside move.
Key Levels:
Primary Downside Target: $0.0165
Secondary Downside Target: $0.0125
Critical Support: $0.015
Invalidation: Sustained price above $0.025 could negate this bearish outlook, indicating higher targets.
Trade cautiously and stay updated!
NIFTY Mathematical LevelsThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
SENSEX GANN ANALYSIS FOR WEEKLY EXPIRY OF 14 JUNE 2024....Sensex has completed one minute price cycle from the lows of tuesday at 76312 with the high formed on wednesday at 77016. Thursday saw the overthrow of the cycle with gap up at 77145 and saw immediate profit booking below the important level of 77080.
For expiry day the minor range to watch is 76920 and 76728 with breakout happening on either side. The expansion on either side could take the Sensex to 77112 and 76536. If further extension is seen then the expanded range could be 77208 and 76440. Break of this range will create intraday panic so use the levels prudently and make handsome profits for yourself.
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.
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.
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.
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.
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 !!!
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.
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 !!!
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 !!!
NTPC - GANN&Wave - More upside leftStock is in an uptrend since it made a low of 73.20.
Recently broke resistance at 182.50 and continuing in wave 5.
Although, on higher timeframes it is giving negative divergence on momentum indicators, still a small quantity can be initiated with strict SL.
Also, the basis of Gann Octaves is an Out of orbit case with a minimum target of 184.50.
The analysis is only for educational purposes. Please trade at your own risk