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DOW JONES INDUSTRIAL AVERAGE INDEX GANN WEEKLY ANALYSIS MAY 2024DJIA had a major swing from high of 03 Jan 2022 and low at 10 Oct 2022. The low of Oct 2022 came in at 28660.94. This was an important low as per Gann Master Square of 144. Thereafter we had a target of 36000 which was achieved nearly on 50% of weekly time cycle at high of 35679.13 on 31 July 2023. Correction was expected till 32400 levels we got an low of 32327.20 on 23 Oct 2023 an anniversary date of 10 Oct 2022. Something workout to the perfection in Gann trading systems. It is for us the students of Gann School of thought process to follow the knowledge given by the legendary trader W. D. Gann himself. Also forget the heresay about him and the mysteries or doubts of his success as talked about in the media. You have to prove the things to your satisfaction and you will be a success are the very words of the master trader himself. Doubting is easy and proving to yourself is always hard. After doing it to your satisfaction there is no need to prove it to the world. Work silently and be happy. After 36000 we were looking at the target of 39600 and voila we achieved it on 18 Mar 2024. Therafter correction to 36000 was expected but was restricted to 37611.56 at 50% level. The 50% rule will save you always to be on the right side of the markets. Currently we have cluster resistance at 39753.86 and 40101.02. The recent swing high 40051.05 so we are there at the cusp of the target. 40000 to be watched hereafter as psychological resistance or support whatever you call it. Major level ocn charts coming at 41141.66. 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.
TVC:DJI
by kbr9121965
NASDAQ COMPOSITE INDEX WEEKLY GANN ANALYSIS FOR MAY 2024Nasdaq Composite Index had made an important swing bottom in the week of 10 Oct 2022 at 10088.83. As per monthly time cycle Sept 2022 was important we were off by two weeks. The level os 10000 was psychological support which was protected. Next target on it was Gann 50% Rule at 15000. This was attempted by it with a high of 14446.55 and 14370.91 at 50% time on the weekly time cycle at the fag end of July 2023. Thereafter we corrected for 12 weeks to make a low of 12543.86 on 23 Oct 2023 weekly candle. This was again 50% rule applied of the 50% rise given by the index. So from here we expected another 50% growth on price with targets of 17500.We have a recent high at 16797.83 on the last weekly candle. next week is important timewise and the figure of 17000 is important and 17500 is more important for the Nasdaq Composite. Let's see where we hit on the time cycle. 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.
NASDAQ:IXIC
by kbr9121965
S&P 500 INDEX WEEKLY GANN ANALYSIS FOR MAY 2024S&P 500 Index has been rising from the 10 Oct 2022 weekly candle with an low of 3489. The crossing of 3600 confirmed the low on it after it closed at 3761.40 on the 17 Oct 2022 candle. The geometry of market is working at its best with the index nearing the target of 5400 with the recent weekly high at 5327.30 on the last weely candle. We are nearing the completion of one of the weekly cycles coming to an end next week. The index can grow further on closing above 5400. Price cycle completion seen at 5670 to 5759.90. The said targets can be achieved after momentum above 5400. Downside levels to be watched for correction are 5130 and 5039.90. Recent low was at 4930. Swing target from the low comes at 5470. interesting to watch if hit the target of 5400 next week on the weekly time cycle. 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.
OANDA:SPX500USD
by kbr9121965
Alert: AEVO Down -80% from Its All-Time High, What Next ?AEVO Down -80% from Its All-Time High AEVO, listed on Binance on March 13, 2024, experienced a significant price movement shortly after its listing. Within 15 days, AEVO hit an All-Time High (ATH) of $3.94 from its listing price of approximately $2.80. Current Status: Current Price: $0.76 Down -80% from ATH Technical Analysis Highlights: - The chart indicated a clear exit point at the breakdown of the $2.93 support level. - An alert was triggered when a bearish flag formed last month, followed by a breakdown and retest at the $1.46 level. - It's crucial to learn from market movements and avoid trading blindly. Many investors who entered at the ATH are now facing an -80% decline. Investment Impact: An investment of $100,000 at ATH is now worth only $20,000. Trade smartly, guys! Always perform thorough analysis and stay vigilant with market signals. Like and Share with your friends.
Short
by CryptoPatel
1
NIFTY GANN ANALYSIS FOR WEEKLY EXPIRY OF 16 MAY 2024Nifty Index after falling to swing low of 21821 is recovering from the correction after all time high at 22775. We have hit a high of 21300 odd levels. The level of 22124 is critical for trend to continue ahead. We had double tops at 22124 and 22126 in Jan and Feb 2024. Current swing low made is higher low than the two lows made earlier at 21710 on 20 March 2024 and 21777 made on 19 Apr 2024. Today's high is similar to high made of 23 Feb 2024. The levels to watch for tomorrow are 22230 and 22173. Extension of range can be seen till 22342 and 22052. Happy Trading !!!
NSE:NIFTY
by kbr9121965
NIFTY FINANCIAL INDEX WEEKLY EXPIRY GANN ANALYSIS 14 MAY 2024Nifty Financial Index has made low yesterday at 20937.25 on 09:45 am candle on 45 min timeframe of Trading View. Double bottom at 20934.40 on 10:30 am candle. Thereafter we saw recovery in the form of intraday reversal hitting a high of 22288.55 at 14:15 pm candle. Earlier swing high low comes at 21270.70 done on 10 May 09:45 am candle with the swing low made yesterday. Falling this range again will make it sideways. Expansion can be seen above this range. Intraday levels range to watch is 21277 and 21224. Expansion on either side may take it to the range of 21357 and 22143. Major Hurdle on upside at 21390 and on downside at 21107. Happy Trading !!!
NSE:CNXFINANCE
by kbr9121965
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall. Trendline Breakout in SELAN BUY TODAY SELL TOMORROW for 5%
NSE:SELAN
by Kapil-Mittal
5
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