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 !!!
Gann
BANK NIFTY GANN ANALYSIS FOR WEEKLY EXPIRY 15 MAY 2024Today was the second day of pull back and just fell shy of 48000 level with the high coming in at 47937.25. Tomorrow 48000 level fight could be seen with hits on both up and down. 47919 and 47799 is the smaller range. With bigger range at 48019 and 47679. 48178 to watch above 48019.
Happy Trading !!!
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 !!!
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%
CRUDE OIL GANN ANALYSIS 3 HOURS TF 11 MAY 2024...Chart shows the Cause and Effect on the recent fall on Crude Oil futures on MCX...
The chart is self explanatory.....
First move is the Cause...
and
Second move is the Effect...
Its a minor cause and effect relation...
But the relation comes from ATH which is the main reason....
Happy Trading !!!
PEL OPTION TRADE PROFIT VISUALISATION 09 MAY 2024Trade metrics explained on chart.
Profit Visualization seen on chart.
Scan used for 45 min low less than previous 45min candles(-3).
You can get stocks every 45 mins for intraday.
Both Buy and sell side stocks can be found.
Scan to be used will be 45 min High greater than previous 45 min candles(-3) for buy side.
Happy Trading !!!
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 !!!
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 !!!
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 !!!
TCS projection for short term(Cash Trade)(07-05-2024)After last two days of growth analysis in TCS. I have have found the mention levels base on the trend. I have found these levels as per Gann theory. I have mentioned the stop loss as well for long term and short term.
This analysis is for educational purpose not recommendation.
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!
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.
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 !!!
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!