We a recent swing low on the Index at 19872.40. We have retraced to the cluster zone. Important levels to watch are 20532 on upside and 20452 on downside. On uptrend continuation for the second day next target could be 20750 . Happy Trading !!!
Hello Friends If you remember, I mentioned last fortnight stocks to buy Rajesh Exports, HDFC Bank, SBI Cards, PEL, UPL, Lux Industries. All of them rather fell. Try to understand the psychology of smart money, market was opening gap up and then going down regularly for the last fortnight especially from the 20th Jan 2023. It was just to go against the...
These 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...
These 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...
Midcap Select Index has closed at 10415.95. It is sideways between 10346.30 and 10465.10. We are waiting for Budget clues and after a fantastic run markets are cooling down. We were resisted at the cluster levels of 10562.55 and 10583.95. We have retraced down nearly 150 points from there. Important trend deciding level for expiry is 10405.70. Above which trend is...
I have manually constructed Gann Angles for XAUUSD scrip without the use of any software tools. The levels of 2022.04 and 2033.89 are important for it. Below these we may see a bigger correction on it to 50% level shown on charts. Expecting volatility to increase on the scrip with moves getting bigger on both sides. Trade safely as we are nearing Gann Mid....
Yes bank has hit the high at 26.25 recently. Growth will happen above 26.05. Major support at 22.15 and below it is 19.55. Trend will change below 19.55. Short term traders can use 24.10 as a buy with 23.70 as stop loss with targets of 24.90 , 25.30 and 25.70. Happy Trading !!! N.B. Not a Trading Advice. Use your discretion and risk Reward Profile for trading....
VEDL has made a double bottom around the level of 206.00. Before that it has retraced to 50% levels at 323.40. After double bottom it has now retraced to 25% levels at 264.70. his is the main level to watch as trend decider. Above 264.70 it may show recovery. Below 264.70 it may show sideways to negative price action. It needs to gather the energy to break 264.70...
Cipla has gapped up into a cycle zone. We were expecting it as it took support at the exact level where we pyramyded it. September/ October 2023 ample time was given it for entry. Its being one of our favourite picks. Happy Trading !!!
You can vouch that the US Oil is stuck up in linear regression channel which is downward sloping right now. Its 01.14 a.m. After around 21 minutes from here i.e at 1-25-24 1:36 AM it will turn bullish and break this channel upwards. Next candles are 1-25-24 6:02 AM 1-25-24 10:28 AM 1-25-24 2:54 PM 1-25-24 7:20 PM 1-25-24 11:47 PM Disclaimer: I am not a...
Index is sideways between to cluster levels as sen on chart. Trend deciding level is 45370.70. Downside clusters are 44554.55 and 44260.65. Upside clusters are 46187.30 and 46415.90. Happy trading !!! N. B. Not a trading advice. With usual disclaimers as applicable within the reach of this beautiful trading and analysis platform.
- Breaking Down with volume - If today's close below 344 will create more panic - Below closing 344 will open the door for 300-270 level
See the red angle working on the chart with price action. It has failed to cross it twicw. Nice shorting opportunities. Already explained in earlier post regarding construction of the chart on Trading View. Horizontal level worked perfectly today for options trades on hourly basis. Happy Trading !!!
Nifty 50 has taken support at an important level on chart with low at 21137.20 and our level on chart is 21151.70. We bought 21500ce at 17 and closed 50% at 34 and trailing it now. Happy Trading !!!
Bajaj Ato results today we see it on weekly chart as per W.D. Gann trading System. Bajaj Ato has made a significant run in recent swing. Level of 7000 is very important in Gann terms.Or level on chat is 7004.20 a cycle level. We have a swing high at 7419.00 on it and or level to watch was 7325.40 and we are yet to close above it. We have a weeks correctionon the...
SP500 weekly Gann levels have worked beautifully till now. 75% level was 4695.83 worked as weekly support with one week against the trend which was up. Recent weekly low was 4682.11. Note 18 Dec 2023 low was 4697.82 above which were back in the game for further upside. Again the level of 75% was or guide to go long at 4695.83. Above this level we had a target of...
Bank Nifty weekly chart with Gann Levels is attached here. Gann has givena Gann Rule of 7-10 weeks in Gann Commodities Course. He said watch this move whenmarkets are near extreme highs. Bank Nifty satisfied all the conditions. Weekly Trend is the est trend to follow for traders. The risk reward ratio is more than 1:10 in this time frame. But it meeds big pockets...
Based on Structure and Trend GBPJPY has a potential sell trade coming.