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Gann

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 !!!
NSE:NIFTY_MID_SELECT
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
SENSEX WEEKLY EXPIRY HOURLY CHART FOR 12/01/2024Two traps Bull trap and Bear trap marked on hourly chart. We consolidating between 72394 and 70316. The decision making level is in between at 71355 wherein we have a triple bottom formation. Break of this formation may lead to downside to 70316 and if we take support from the triple bottom formation may lead to upside towards 72394. How to trade in between these three levels is to divide it into 4 parts of 250 points as we see a 1000 points range in between each of the three important levels. Happy Trading !!!
BSE:SENSEX
by kbr9121965
NIFTY 50 WEEKLY EXPIRY HOURLY CHART GANN LEVELS...Mathematics is the only exact science. Every nation on the face of the earth agrees that 2 and 2 make4. no matter what langage it speaks.Yet all other sciences are not in accord as mathematical science. We find diffrent men in diferent professions along scientific lines disagreeing on problems, but there can be no disagreement in mathematical calculation. Levels on out trading systems follow purely mathematical science aka vibrations. Nifty 50 index been sideways in between the levels on chart. Happy Trading!!!
NSE:NIFTY
by kbr9121965
BANK NIFTY WEEKLY EXPIRY 10/01/2024Bank Nifty was moving between two important levels as shown on hourly chart.47379.30 and 4768.45 are the two levels. 08 Jan 2024 low was made on 15:00 pm candle at 47387.45 and on 09 Jan 2024 high was made at 47939.30. Yesterday after the high and gap up before at the open all gains were surrender by it and we closed below the important level of 47379.30. The close is 47242.65. Today we need to watch 47379.30 to be sustained for the day for any recvery on the index. Downside we have to watch another major level of 46890.20. 21 Dec 2023 low on 9:00 am candle is 46919.70. 13 Dec 2023 low is 46886.90 at 10: am candle.09 Dec 2023 low on 9:00 am candle is 46507.15. Use all the levels on chart with discipline to get maximum profits. Happy Trading !!! N.B. With all usual disclaimers as applicable as per the reach of this platform. Not an trading advise.
NSE:BANKNIFTY
by kbr9121965
NIFTY 50 INTRADAY UPDATE 0N 09/01/2024 AT 10:57 AMChart shows the importance of the 50% which WDG advocates, Theory explain in eplained in earlier post here. Prrof of the system. Happy Trading !!! Law of Attraction : To attract things you want ... you have to pray to the Universe and then only Universe will know what you want and will help you in getting those things desired by you. You need profits then then yo a good system which what I am offering. It's Law of Attraction at work you need to experience it and it's Bliss. Peace and Prosperity to you.
NSE:NIFTY
by kbr9121965
1
NIFTY 50 INDEX INTRADAY WHEELS WITHIN WHEELS CHART 08/01/2024Nifty 50 Index (NSE:NIFTY) 21513.00 −197.80 −0.91% kbr9121965(My Handle on Trading View platform ) You can follow and boost my ideas to help others if you find the ideas useful and profitable. Nifty 50 Index intraday wheels within wheel chart for 08/01/2024. Gann had said if you know the begining you can predict the end. "In order to forecast future cycles, the most important thing is to begin right, for if we have the right begining, we will get the right ending. If we know the cause, then there can be no doubt about predicting the future event or effect. " Page 83, Tunnel Through The Air Book by W. D. Gann. Now here what the cause it's the High on intraday and the effect is the intraday low. From the intraday high you can workout the intraday low. See we hit the major support one at 25% level at 21509. The price death zone was at 21721.50 on chart at 10:30 am candle. Subsequently we breached the 75% level and 50% level. At 14:20 pm we saw the last momentum at 50% level after being sideways from 11:50 am at the same 50% level. You can obsereve the price action around the percentages applied on the chart for study purpose. Try to implement them on your charts for daily observations. You find some similarities as you progress ahead which will help you to become a successful trader. Can this be repeated again.... yes ....if you know the method how to calculate the vibrations. For this you can read original Gann writings and decipher what he has said and prove it to yourself. Once you prove it to yourself and you will find it easy to implement in your trading style. Happy Trading !!! N.B. With usual disclaimers as apllicable to reach in the domain of this platform.
NSE:NIFTY
by kbr9121965
2
NIFTY MIDCAP SELECT WEEKLY EXPIRY GANN LEVELS CHART 08/01/2024Today index has opened at 10581.60 on chart. Moved down two steps and moved up one step on chart. Resistance was 10581.60 and support was 10505.65. Two possible trades one short and one buy could have been done as per levels marked. Playing this intraday range will be beneficial for intraday traders as per their risk profile. One can also add trades on either sides if your a breakout trader as per levels given on chart. Happy Trading !!!
NSE:NIFTY_MID_SELECT
by kbr9121965
2