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Gann

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 !!!
BSE:SENSEX
by kbr9121965
NIFTY WEEKLY EXPIRY GANN ANALYSIS FOR 09 APR 2024...Nifty is correcting from ATH on 30 Apr 2024 at 22794 and we are 8 days away from it. Nifty has made a Swing Low at 21777.65 at 9:00 am on 19 Apr 2024. So the 11 May 2024 is important. Friday 10 May 2024 closing will be important timewise. From the ATH we have retraced 800 points nearly within the range of 1000 points. The Current Lows are 22185.60 and 22185.20 at 9:00 am and 10:30 am a double bottom on the index. From the double bottom we have retraced nearly 200 points and closed the day at 22302.50. On charts we see the range of 22309 and 22251. This range can be used for scalping. Breakouts or Fake-outs to be used for trading with suitable stop loss as per your risk profile. Extended targets on either sides could be 22424 and 22185 and further depending on the volatility of the day. Happy Trading !!!
NSE:NIFTY
by kbr9121965
BANK NIFTY WEEKLY EXPIRY GANN ANALYSIS FOR 08 MAY 2024...Bank Nifty has been correcting the ATH made on 30 Apr 2024 at 48974.75 which was just 25 points shy of 50000 mark on the index. This being a big psychological resistance for the index. We have completed 4 years of growth from 24 March 2020 low of 16116.10. We are in the 50th month and achieving nearly 50000 is just great. We needed some correction time wise to digest this rise as price is moving ahead of time for the index. The level of 48500 is critical for the index with sideways action in between the levels of 48200 and 48800 . The break of 48200 will be not be good for short term. Yesterdays low is 48213.75 so its like saving the blushes for the day. Time correction can bring the index below to 47400 to 46600 levels if it continues its downward journey. 48636 is important high done on 28 dec 2024 which was last yearly high. Today we have two levels to watch which are 48308 and 48162. In between we may see sideways action. Expiry day so we may see squeeze on price action also. Be quick to trade and have small profits targets and take small stop losses. Trading bias level at 48225. Happy Trading !!!
NSE:BANKNIFTY
by kbr9121965
IDFC FIRST BANK (Psychology Analysis) Date 10th April 2024 Time: 3:30 IDFC FIRST BANK was in a correction from last year's Sept. After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering . But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously. and finally, today it breaks Out from Resistance Line and give closing above it. Round figure Price level 80 is Strong Support with SL of 81 We can Long IDFC FIRST BANK. Target ATH Price with 1:5 Risk Reward. Thank You!
NSE:IDFCFIRSTBLong
by KRSCharts
4
NIFTY MID SELECT GANN ANALYSIS FOR WEEKLY EXPIRY 06 MAY 2024 Nifty Mid Select Index has shown Triples highs at 11119.85 on 23 Feb 2024, 11029.35 0n 12 Apr 2024 and 11158.40 on 03 May 2024. The last high is also a Triple top with Highs at 11153.20 on 30 Apr 2024, 11156.45 on 02 may 2024 and 11158.40 on 03 May 2024. Thereafter we saw intraday fall till the low of 11009.25 which was near the 3 day low of 10999.25 on 29 Apr 2024. The level to watch on downside is 10999.25 for the trend bias. We have a cluster resistance at 11066.65 and 11080.30. Both needs to be watch on Monday. Above 11066.65 we may recovery till 11107.75 which needs to crossed for further recovery. Staying below 11066.65 is not good for growth in the index below which we may slide further down till 11025.50 which is very critical for it. Below it we may see change in trend for short term. 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.
N
by kbr9121965
TESLA DAILY GANN ANALYSIS CHART 05 APRIL 2024...Looking back for one year on Tesla gave a decent buy opportunity for traders and investors both. Tesla made a low on 27 Apr 2023 at 152.37 and moved higher thereafter. The price of Tesla nearly doubled from there to move to a high of 299.23 on 19 July 2023. The ensuing correction brought the price to levels shade below from where it started its journey way back in 27 Apr 2023. The actual low of 138.80 was made on 22 Apr 2024 completing an annual cycle on it. The growth phase was rapid with 3 months timeframe. The decay phase was gradual for nearly 9 months. The bounce back after the low was furious with a gap up of nearly 18 points on 24 Apr 2024 .....3 days ahead of the anniversary date of low earlier. W. D. Gann mentions to watch Anniversary dates of Significant Highs and Lows for Change in Trends in his books. Also he mentions Gann 50% Rule where money can be made. The price correction of 50% of the ATH was a good time to buy Tesla. We have recovered nearly 60 points till date on it. The swing high at 198.87 is just shy of the target of 201.53 on charts. Above 201.53 we may see further recovery on it till 225.97 as seen on charts. Level to watch on downside is at 170.97. Below 170.97 we may see further consolidation till 152.64 which is very critical for the growth of the stock. Staying above 225.97 auger well for investors. Happy Trading !!!
NASDAQ:TSLA
by kbr9121965
Important Liquidation Levels for Bitcoin: $50k - $73kImportant Liquidation Levels for Bitcoin: $50k - FWB:73K #Bitcoin Liquidation Heat Map: Approximately $3 billion can be liquidated up to $71,715. Key levels to watch: ➡ $67,420: $2.75 Billion in potential liquidations. ➡ $50,000: $5 Billion waiting to be liquidated. Key Areas to Monitor: ➡ $56.9k - $52.1k: Weaker liquidations. ➡ $59.5k - $58.5k: Heavy liquidation zone. ➡ $52.1k - $50k: Another heavy liquidation zone. Scenarios: ➡ Below $50k: ~$5+ billion could be liquidated. ➡ Above $74k: $6.1 billion might get liquidated. Current price is around $63k! Stay alert!
BINANCE:BTCUSD.PShort
by CryptoPatel
Solana Price Analysis: Will SOL Rally To $500 In Current BullRun#SOLANA/USDT Chart Analysis HTF Perspective: The SOLANA chart looks extremely bullish on the higher timeframe (HTF). A bullish Cup & Handle pattern is emerging, signaling a potential massive upward trend. Cup & Handle Pattern: According to my analysis, the Cup has already been completed, and we are awaiting the formation of the Handle. The handle's bottom is likely to form around $50, which presents a great opportunity to accumulate SOLANA in large quantities. Key Takeaways: ➡ The cup pattern is completed, and the handle pattern is in the works. ➡ The handle bottom could form around $50, presenting a prime buying opportunity. ➡ Once the handle pattern completes, a significant upward move is likely. ➡ Long-term targets are around $500 to $1000. Price Levels: ➡ Strong Support: $84/$46 ➡ Resistance: $200 Current Update: I initially highlighted this pattern when CRYPTOCAP:SOL was trading at $190, and now it's touched $116. If you booked profit at the top, well done! Disclaimer: This is not financial advice. Do your own research before investing in any cryptocurrencies.
Long
by CryptoPatel
Bitcoin Update on 03.05.2024Bitcoin Update 03.05.2024 A.O.A And Good Morning To All Brothers And Sisters! Bitcoin Bounced Back As Mentioned in My Yesterday Analysis. Now As I Said Before this Can Be Just A Retracement. And At The End of Today Bitcoin Can Reach Our Weekly Reversal Point.(Red Arrow Path) Second Scenario: Bitcoin Can Continue up To Liquidate All Seller And Then Back To Retest Our Weekly Area. But 60841 is Very Key Point And Thats Why I Put my Stoploss On sell Trade There. If Price Break That Level then Go Up. Otherwise Reverse Before Hitting Stoploss. Lets Check Which Scenario Follow Bitcoin. Wish you all Very Nice Day
Short
by MoonTradingForecast
Bitocin Update On 02.05.2024Bitcoin Update 02.05.2024 A.O.A and Good Morning to All Brothers and Sisters! As Forecast Yesterday Bitcoin Dropped and Supported by Exactly our Yellow And Blue Area. And Just Bounced Back From Blue Area. Till Now Bitcoin Has No Direction. But Try To Break The Yellow Area. And Last 4H candle Retest Now. Price Can Grow Up And Touch The 4H Resistance but This Will Be Just Retracement. Not Trend Reversal. But Trend Reversal is Not Considered till When Price Break the Diagonal Line(Arrow#5). Price Can Drop More And Touch our Second Reversal Point. According to This I Wait For Buy Trades on Alts. I Wish You All A Very Nice And Patience Day.
by MoonTradingForecast
1
NIFTY 50 GANN ANALYSIS WEEKLY EXPIRY 02 MAY 2024Nifty has made a ATH at 22783.35 on 30 Apr 2024. Index has a range to watch 22150 and 22900. We are prodding the 22800 level with multiple attempts. We have mid seasonal date coming at 5 May 2024 which will be interesting to watch for the index. Level of 21800 was defended by bulls successfully in the past. Bears have been trapped many a times in recent times and may be looking for an opportunity window. We are in the 5th year from the low of March 2020. This year is the year of ascension in W. D. Gann theory so surprises on the upsides. Predicting the tops is not advisable for traders instead they should follow the market trend in general. Intraday levels to watch are 22619 and 22591. Above 22619 if we gap up then 22662 is important level to watch. Above this level recovery is possible further ahead on the upside. Below 22591 we may see 22577 to 22549. 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