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Gann

NIFTY MIDCAP WEEKLY EXPIRY HOURLY GANN LEVELS UPDATED 20/01/2024We are completing a volatile week in the Indian markets after a big bull run in all broader indices. Markets movements can be very volatile whenever new all time highs are done. Corrections follow after signiicant tops are formed. I had a target near 11050-11100 on this index. All time high is 10669.50. Levels to watch on chart for today is 10562.55 and 10524.55 the cluster. Resistance at 10643.30 and support at 1045.10 Happy Trading !!! N.B. With all usual disclaimers as applicable on this beautiful platform. Not a trading advice.
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by kbr9121965
BITCOIN REVEISED DAILY CHART 19/01/202024As we have broken the low of 41306 0n 29 Dec 2023. We have to shift our base to low of 40181 on 11 Dec 2024. The level to watch is 41289 for recovery. Upside level to watch for further momentum is 42398. The low of 41306 is the watched on downside. Else range expansion on downside may continue and then we may again need to shift the base. Squaring the ATH gives an important resistance at 51750. Recent high is 49048. Magic level was 49049.Below 51750 we have 43125 to watch. Squaring the recent high gives the level of 42917 and then 36786 level. Midpoint o this 2 levels is 39851.50. Recent low is 40600 on 18 Jan 2024. For further growth it needs to stay above 41868.75. Happy Trading !!! N.B. Npt an Trading Advice. With all usual disclaimers applicable on this eautifl platform.
BITSTAMP:BTCUSD
by kbr9121965
SENSEX DAILY GANN LEVELS CHART FOR WEEKLY EXPIRY OF 19/01/2024For weekly expiry most important trend deciding level is 71397.06. Above this resistance is 71969.07 and below this support is 70825.05. Any expansion above the resistance and below the support may give trending move in that direction. Use the levels given prudently. Use small stop losses for trades. Preserve your capital and then aim for profits. Happy Trading !!! N.B. Not a trading advice. With usual disclaimers as applicable within the reach of this beautiful platform.
INDEX:SENSEX
by kbr9121965
NIFTY50 HOURLY CHART FOR WEEKLY EXPIRY ON 18/01/2024...NIFTY 50 fell 2% on profit booking by investors to some extent. Watch the swing low and swing high marked on chart. How to select the range is the question to all who are new to this method. You need to select the highest range for the recent price action. Observe the fall from the price death zone of 21980.75 on chart. Its gap down with backtest at the exact percentage level of 21837.30 on chart. It was a shorting level if not sustained for the swing range selected by us. Thereafter we broke the cluster support levels and backtested it in the 4th hour of trading today. Failure to close above the cluster levels was showing further weakness which took us to the major support of 50% of the range selected. Again Gann's 50% rule at work. I am always fascinated by the 50% rule which makes it more profitable wherever it appears while trading. So the most imortant level for tomorrow is the 21550.50 level above which we have cluster levels resistance. Below 21550.50 trend will be down with support at 21407.05. Expiry days are always tricky to trade with wild swings so use all the levels and 50% levels in between them to trade. If you are scalper then divide the one into 4 parts and be quick to trail or book profits. Happy Trading !!! N.B. Not an Trading advice. With usal disclaimers as applicable to the reach of this beautiful platform.
NSE:NIFTY
by kbr9121965
2
NIFTY 500 INDEX WEEKLY GANN LEVELS CHART ANALYSIS 16/01/2024 EODThe Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe. Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products. Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices Standard Deviation is 22.48, Beta is 0.93 so 7% less volatile than Nifty 50 and Correlation(Nifty50) is 0.95. The Index has composition of Finnacial Services at 30.01%, IT at 10.20%, Oil Gas and Consumable Fuels at 8.53% and FMCG at 7.53% covering nearly 55% of the Inde. Above figures are updated monthly on NSE site at each month end. So last update was on 29 December 2023. Price Returns are at 10.77% and Total Returns at 12.49% since inception. With a base of 1000 in 1995 it has reached to 19827.55 as per recent close. So a growth of 20 times nearly seen till date. Index started at 14177.55 as per the Gann Year 2023-2024 and has reached to 19827.55. Rise of nearly 5000 plus points is seen. So mathematically 33.33% rise is seen. Squaring the low we get an important level of 19494.10 to watch on the index. Taking the Covid Range of high and low we see an important resistance level at 20233.30. Below it an important cluster of levels to watch are 19730.40 ( current weekly low is 19736.20 an important level to watch) and below it is 19549.35 to watch. Squaring level as per the current section is at 19875 which can be watched critically. All time high is at 19923.30. Magical figure on the index could be19991. Study all the levels with the analysis given here carefully before drawing any conclusions. Use your discretion and your system to reach concrete decisions. Happy Trading !!! N.B. With all usual disclaimers as applicable within the reach of the beautiful platform and all its intelligent users.
NSE:CNX500
by kbr9121965
US Oil - Live market update Provided are the notes on the chart. Buy, only above 72.80 and sell whenever price goes below it. Today's candle (pivotal) is 1-17-24 7:21 AM. If this is not broken, not to worry at all. Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
TVC:USOIL
by rekhi567
Rajesh Exports - Buy Hello Friends, I could not write during almost whole week and remaining away with you was really painful. But, I am back now. Presented is the 1 H chart with relevant notes on the chart itself. Trade with confidence but adhere to the levels mentioned. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
NSE:RAJESHEXPO
by rekhi567
BANKNIFTY HOURLY CHART FOR WEEKLY EXPIRY 16/01/2024Bank Nifty had a all time high on 28 dec 2023 9 am candle on hourly chart at 48636.45. Index has made a swing low of 47010.80 on 10 Jan 2024 9 am candle. We have retraced 75% of the fall range recently but not closed above it. We have taken support at 47992.65 level on chart. On downside 47950 is a good level to watch if fall continues. On upside 48200 is an important level on closing basis for the index. One can be positive for tomorrow's expiry if index is trading above 48207.25 for target of 48314.45 and 44421.85. Below 48207.25 downside targets are 48052.75 and 47992.75 as seen on chart. Use the levels given prudently while trading on the expiry day. Happy Trading !!! N.B. Not an Trading Advice. With usual disclaimers as applicable within the reach of this charting platform.
NSE:BANKNIFTY
by kbr9121965
HDFCBANK HOURLY GANN LEVELS CHART RESULT DAY TRADE 16/01/2024HDFCBANK will announce its results today on 16/01/2024. How to trade it today. Before trading it we need to analysis with our Gann Retracement method to know its vibrations. Hourly chart show the growth cycle start from 04 Dec 2023 on cross of 3.000 marked on chart at 1579.50. Momentum was to be seen above 1614.55 on chart. We tested this level 3 times on hourly chart giving us ample time to enter this stock. Target was 1649.55 on chart where profit booking was expected as per Gann Rules. After hitting first target we came for the third time to 1614.55 which was the final chance to enter this stock on 13 Dec 2023 9 am candle. Target of this move was 1672.00 and 1684.60. This target was achieved on 21 Dec 2023 at 15 pm candle. So again profit booking was expected here. The profit booking was short with small range on downside seen on chart which showed strength of the scrip for further move higher. This move target was 1719.65 after cross of 1684.60 on chart. It was a momentum move where we reached the 50% of the range target advocated by W. D. Gann, God Bless His Soul for giving this single rule which works in all wakes of Life. From here we can see the reverse move happening on this scrip. Target down was 1672.00 and 1684.60 which was achieved on 04 Jan 9 am candle. 05 Jan 2024 was a last ditch effort by the scrip to move higher but if fell miserably and breached the 1672.00 support earlier after oscillating between 1672.00 and 1684.60 for the last time. Below this the target was 1649.55 which was achieved three times recently as seen on chart. We saw a decent bounce to 1672.00 and 1684.60 yeaterday on gap up move of Bank Nifty Index which was contributed by this scrip. How to trade now is the million dollar question today ??? To trade you need to watch 1672.00 and 1684.60 levels for further clues if they breached on upper side or lower side. I have explained the move in details. Its your duty to study the scrip and trade as per levels provided here. Happy Trading !!! N.B. Not an Trading advice. Use your discretion. With all usual disclaimers aplpicable to this platform's reach.
NSE:HDFCBANK
by kbr9121965
6
FIN NIFTY WEEKLY EXPIRY HOURLY GANN LEVELS CHART FOR 16/01/2024Finnifty has closed at 21461.35 on day before expiry of 16/01/2024. Weekly strikes of 21400PE and 21500CE saw highest trades with closing at 25.60 and 54.00. On hourly chart today took initial support was 21349.00 in first two hours and the base shifted higher at the end of second hour. The higher support was seen at 21412.25 in the third and sixth hour. The resistance of the day was seen at 21475.55 on the 4th hour, 5th hour and last 15 min candle which is the 7th hourly candle on Trading View chart. So the range of the day is nearly 125 odd points. 21475 is the level to watch for trend continuation and on downside level is 21412. 21538 was earlier swing high to watch. Fall below 21412 may continue till 21350 levels. Trade the levels given correctly for scalping as per your risk reward ratio. Happy Trading !!!
NSE:CNXFINANCE
by kbr9121965
NIFTY MICAP SELECT WEEKLY EXPIRY 15/01/2024We have a weekly expiry coming up on the index on Monday 15/01/2024. Index has closed at 10542.40. Friday highest traded options on the index were 10600CE and 10500PE which have closed at 12.65 and 15.15. Chart shows 10560.75 as the important level above which we can attempt the previous swing of 10605.45. So futures buying and Call options buying we need to stay above the 10560.75 levels. As this is the price death zone level one need to be cautious. On the downside 10516.05 is important which squaring the range. Index will be sideways between 10560.75 to 10650.15. Momentum can be seen above 10650.15 on the upside and below 10516.05 on the downside. Happy Trading !!!
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by kbr9121965
SBIN WEEKLY GANN LEVELS ANALYSIS 13/01/2024For any analysis of markets you should follow Top to Down Analysis. This means from higher time frame to lower time frame. For short term trader to scalper it will be prudent to start from weekly time frame to lower time frame to your trading time frame. Gann used weekly charts for analysis and said weekly is the most important timeframe to watch. Swing trading was prevalent in his time so the use of weekly charts. BTrend change can e identified easily on weekly high and weekly lows breach or breakouts. Trading within the estalished range is the safest way to trade. This is called trading the range. Now there are three methods in Gann Trading Systems from where you can calculate future resistance levels. One is the low, Second is the high and Third is the range. We use the range commonly as the market price is within the significant trading range. Let us come to SBIN weekly chart. We use the Covid Higha and Low range as a significant range for analysis. High was 373.80 and Low was 150.85. Using this as our 100% range we derive the desired resistance and support levels within this 100% range. We expand on upside and downside as per the price action observed out of the range. SBIN has expanded on the upside above 100% range which is seen on chart as 0 to 1. Next expansion will be 1 to 2, 2 to 3 and so on. Current Price is between 2.125 and 2.25 level on chart which means 2 to 3 range. Most important level in this range is 50% of the range which is 2.5 on the chart. Price at 2.5 level on chart is 710.30 which can act as a big resitance in future. Strength of the trend will enhance aove this level. Now below 2.5 next important is 2.33 level of 672.85 on chart. Below it 2.25 level on chart is 654.25. The high on SBIN is at 660.40. We need to close above this level on weekly chart and stay above this level for the trend to continue upwards. Also support at 2.25 level of 626.20 needs to be maintained by SBIN. Current weekly close is 633.60 above the 2.25 level of 626.20. 613 is another level to watch on closing basis on the downside for short term traders and 672 is resistance for short term traders. In Gann we do not use indicators for confirmation as Price is the main indicator but Time is the most important indicator. We will learn about Time Analysis in future updates. Happy Trading !!!
NSE:SBIN
by kbr9121965