Gann Fan
BANKNIFTY ANALYSIS FOR UPCOMING SESSION 30-03-2022Today Gapup and then Consolidation but the Global Sentiment will effect the further trend... Price is near to Gann Fan and above 61% 50% Fibonacci level...Hoping a further good move ahead....36000 Strike Price will play Crucial role as per Option Chain........:)
BankNifty PCR: 0.8
Nifty Midcap 100 – 3 signals to go LongNSE:CNXMIDCAP
Observations:
1) It has taken support at Gann Fan line 2/1 at 45 degrees drawn from the bottom of March 23, 2020 low. This confirms that 21 months old uptrend in Midcap is still intact.
2) It is near to break resistance line of the downward parallel channel formed since October 19, 2021.
3) Probability of breaking resistance line mentioned at 2 above is high as similar resistance stands broken by Nifty Small Cap 250 Index on December 9 and confirmed the same on December 10.
Conclusion:
Once the resistance (as mentioned at 2 above) stands broken, the first resistance will be at 32,230 level.
For educational purposes only.
Silver Daily Gann Chart Pointing HigherCurrently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1.
If that happens, then you can buy for the targets of 63900 - 65100 - 65960 - 68454.
What happens if it's fake-out? That's a straightforward scenario on the above chart. MCX silver futures will come under the control of sellers in the downtrend area. It will fall nonstop for the targets of 59960 - 59400 - 58600 - 55765.
ADANIPORTS | An Early Attempt to Capture the TOPADANIPORTS | An Early Attempt to Capture the TOP
ADANIPORTS gave a Rock On performance as published on 13-JAN-2021 | | Currently trading above final target of 729 | What Next ?
Week starting 22-Mar-2021 is 52nd week from an important low of 203 formed on 23-Mar-2020 | Yearly Time Cycle | Could be a potential reversal zone
More precisely, 23-Mar-2021 is the first anniversary date from low of 203 formed on 23-Mar-2020
This stock is approaching a very important Gann resistance level of 798 | The bullish run started from 203 level would be completing 7th Gann Price Cycle at 798 | Yes, the Fatal Number 7 !
Week starting 22-Mar-2021 could potentially be a Gann Price Time Square zone as well | Gann angles (1x1) drawn from low of 203 would nearly meet 798 level in the week of 22-Mar-2021
Reduced momentum | Indicator Divergence
For now, important levels to watch above 798 are 841 / 900 / 915 / 1000 / 1040 | Support levels below 729 are 699 / 649 / 625 / 576 / 512
This is not a trade recommendation. Levels would be updates as per the Time and Price actions.
AXISBANK | Gann Time and Price AnalysisAXISBANK | Gann Time and Price Analysis
The stock is trading at an important juncture | Weekly closure near Cube number 729 | Approaching 1st anniversary of 25-Mar-2020 LOW of 286
Currently trading near confluence of Cube number 729 and Gann level 724
Price broke above Gann 8x1 angle however could not sustain above it | Since 3-Feb-2021, price managed to close below the Gann 8x1 angle resistance baring few trading sessions
Bullish possibility : Sustaining above 757 (Gann 8x1 angle) level, heading towards Gann level 836 by 25th March 2021
Bearish possibility : Breakdown below 703 | Support levels : 690 / 677 / 664 / 651 / 638 / 625
BERGEPAINT | Bullish PossibilityBERGEPAINT | Bullish Possibility
The stock is trading in the zone of Cube number 729 | Last two consecutive days, closed near 729
Consolidating between Gann 1x1 and 2x1 angles since 9-Feb-2021
Vertically bounced from Gann support level 682 which coincides with Gann 1x1 angle
V-shaped reversal in RSI | RSI broken out above consolidation range
Bullish above 743 | Resistance levels : 771 / 791 / 813 / 841 / 871 / 907
Bearish below 664 | Support Levels : 625 / 582