ADANIPORTS | Make OR Break ?ADANIPORTS | Super breakout | At important juncture
This stock has given a strong breakout above Gann Octave level 348 (also a zone of Cube number 343)
Currently trading near all time high level and in the zone of Cube number 512
Approaching multi year trend line resistance around 550 level
Week starting 01-FEB-2021 happens to be 45th week from the low of 23-MAR-2020 | An important decision zone
Breakout levels: 576 / 625 / 676 / 729
Breakdown levels: 484 / 441 / 400 / 361 / 343
Ganndates
PVR | Gann Analysis | An Interesting Case StudyPVR | Gann Analysis | An Interesting Case Study
Following time pattern has been observed since 19/05/2020 bottom:
LOW | 1021.1 | 45 Bars
HIGH | 1469.25 | 72 Bars
LOW | 1051.85 | 89 Bars (One less than 90) | This Low was challenged at 115th Bar, however price never closed below it
LOW | 1281.05 | 135 Bars | This Low was breached on closing basis at 152th Bar, however price bounced back immediately from Gann Octave level 1223
HIGH | 1507.65 | 145 Bars (One more than 144)
On 22/12/2020, price bounced from Gann Octave level 1223 | Thereafter, On 4th Jan 2020, price bounced from Cube number 1331 and rallied up to Gann Octave Level 1569
Next in the series are 180 bars (a possible bottom) around 02/02/2021 and 216 bars (a possible top) around 25/03/2021 | Watch out for these dates!
Resistance: 1569 / 1600 / 1641 / 1681 / 1728 / 1741 / 1764
Support: 1502 / 1464 / 1444 / 1407 / 1396 / 1369 / 1331
BPCL Gann Octave AnalysisBPCL Gann Octave Analysis
Gann Octave captures majority of tops, bottoms and consolidation levels so far
CMP 400 (a square number) is also 50% retracement level from all time high, hence an important trade level
Supports: 363 / 326 / 301
Resistances: 437 / 474 / 499
Gann dates in JAN: 01 / 11 / 14 / 19