Three Drive on Nifty Daily chartNifty may bounce bounce 11550 --11590 then again try to make third low drive of 10640.
Gann
Nifty Price square practiceOm Namah Shivay
Was trying to find the cause of the 12430 top. In the process Nifty price square was found at top.
Everything is not explained in the chart, I am still in the learning process.
What is the meaning of Om ? Ans : 'I' the Soul
Om Namah Shivay
I will start accumulating Tata steel in 3 installment below 244Recovery after downfall is completed it will be lead by Steel and Cement so I am going to accumulate tata steel below 244 to 188 for long term.
Nifty Time squareOm Namah Shivay
An Experimentation with Price/Time squaring. The explanation / calculation has been on Nifty 50 chart.
Gann Analysis 144Om Namah Shivay
An initial analysis for the square nos with tops and bottoms.
144 days and 169 days relation
As per Gann, The primary thing that we need to see on a chart, is the position. tops and bottoms help to identify the position.
Om Namah Shivay
Bank of Baroda looks good to shortBOB looks good to sell with CMP-88.6, targets of 80 and 68 for upcoming weeks, with stop loss of 95. As broken its support and Gap filling likely to be done.
Nasdaq compositeNASDAQ:IXIC
Nasdaq will touch 9600-9700 range
then it close below 9300 on weekly chart
it will come 8700-8200
Gann AnglesThe basic elements in Gann analysis are price, pattern and time. Gann used variuos tools in his analysis to find the movement of market. One of the important tool he used is Gann angles. The interesting factor about Gann angle is the past, present and future exist at the same time. Sounds dramatic, right? The explanation is simple. Past movement of the price, combined with the pattern decides the time of the movement in present and future.
So to apply Gann study, one needs to study the movement of price, time and pattern. Gann angle is the simplest but most effective tool. It can be used to find the stregth of the trend and its direction.
TATA MOTORS THREE WEEK CANDLE ANALYSISAS WE CAN SEE FIRST 3 WEEK CANDLE IS GOING TO BE MADE ABOVE MIDDLE LINE OF BOLLINGER BAND WHICH IS 20 DAY MOVING AVERAGE AND UPPER VALUE OF BOLLINGER IS 215 APPROX WHICH MAY BE THE TARGET
BPCL_ stocks showing uptrendBuy at / above: 406.01 Targets: 410.86 --- 415.94 --- 421.05 --- 426.20
Stop loss : 400.99
Sell at / below: 400.99 Targets: 396.20 --- 391.24 --- 386.31 --- 381.41
Stop loss : 406.01
NIFTY ANALYSIS FOR MONDAY IT MAY TAKE SUPPORT ON MIDDLE TRENDLINE AND BOUNCE OFF THIS TARGET FOR LONG GIVEN BUT MOST PROBABLY IT SHOULD COME DOWN ONCE MIDDLE TRENDLINE IS BROKEN ON CLOSING BASIS TARGETS FOR SHORTS ARE GIVEN
NOTE: FOR EDUCATION ONLY
ASHOK LEYLAND ANALYSISIT IS TAKING RESISTANCE ON FIBONACCI`S 50 % LEVEL PLUS BULLISH DIVERGENCE SEEN WITH STOCHASTICS AND IT IS CONSOLIDATING UNDER TRENDLINES IF UPPER LINE IS BROKEN IN 15 MINUTE CANDLE TARGET FOR LONG IS 81 IF BREAKS LOWER TRENDLINE GO SHORT AND REST DEPENDS ON RESULT DUE TOMORROW GOOD LUCK
'Giant Compressive Strength " Mkts mocking AMBUJA TaglineLooks good to the down side
Moving like clockwork
Haribol!
Are we in a Bear Market? Nifty Main Trend Analysis as per Gann The most important question of the day: Are we in a bear market?
With the broader market continues to sell off for more than a year and half now and recently the selloff witnessed in the front line stocks of Nifty 50, the question that arises in our minds are:
Are we in the bear market?
Is there any chances for fresh buying to hit the street?
Let us examine in the lens of Gann Analysis to understand the main picture.
Odds that favor the bear market scenario:
1. The top of 12,103 in Nifty does qualify as a major top in terms of
Price Analysis as per Gann theory
Time Analysis as per Gann theory and
Price & Time Analysis as per Gann theory
2. The 5 wave bull market structure (as per Gann Wave) is in place, qualifies for June top is in place
3. The recent selloff structure does qualifies for the beginning wave structure of bear market. (The current selloff from 12,103 to 10,782).
These major analysis do seems to suggest we are already in bear market.
Let us examine reasons, which helps to favor the bulls.
1. The current selloff has stalled exactly at 10,780 mark, which is a very important Gann support which suggest, Bull Run could continue towards new highs from here.
2. The most important support of 10,288 is yet to be tested and currently seems to be little far off (at least for few weeks), as we write. A break and close below 10,288 especially on weekly closing will confirm the bear market.
3. The charts of Nifty Mid Cap and Nifty Small Cap (which we do analysis later), is at a crucial juncture whereas per Price, Time and Price and Time qualifies for the start of new bull market. Caveat, this month low should hold for this qualification.
4. A close above 11,388 favors more bullishness to the analysis. (Currently C.M.P is near to it as we write it).
Observation: 78% chances we have entered into bear market, and chances for this will increase only as we take off 10,780 and 10,288 on weekly closing basis. This is purely for education purpose based on Gann Analysis and hence we have not concluded with a buy or sell. Just for observation: 11,388 on upside and 10,780 and 10,288 on the downside. Once any of these levels are triggered, will update with our analysis.
