Gann Fan
ITC | Gann AnalysisITC | A FMCG Value Pick | Gann Analysis
This stock is trading between Cube number 216 and Gann Octave level 222 | A very important action zone
Price has bounced from a strong support level 163 which is a Gann Octave Level as well as a 2x1 Gann angle support
Recently the price has broken above 2x1 down trend angle (colored in RED) and 1x1 up trend angle (colored in BLUE) resistances
Sustaining above 225 would confirm continuation of the up trend for higher Gann levels 241 / 251 / 256 / 273 / 281 / 289 / 309 / 324 / 343
Important support levels: 211 / 204 / 196 / 190 / 183 / 173 / 169 / 163
ITCITC currently is looking good for long swing trade .. It gave a impulsive move from 165 to 218 and thereafter went into consolidation ... The BO zone is 216 to 218 .. One can also see some expansion in volumes .. Today, ITC closed just at the Gann resistance angle .. Tomorrow, if ITC opens above today's closing, expect it to take support of the Gann angle and move ahead for a BO .. If ITC gives a BO above 218 with good volumes, the target would be 260, where ITC would encounter the next Gann angle as resistance.
Note - Views are personal and meant for educational purpose only. Consult your financial advisor before trading equities.
TITAN IDEAS UPDATES POSSIBLE BUY TITAN STOCKS POSSBLE GO UP SIDE ONCE CLOSE 1550 ON WEEKCHART THE MARKET GOES UP TO 1700 2000 2300
ONCE BREAQK 1350 TO 1380 CLOSE THE WEEK CHART THE MARKET FALL 1300 1100 900
BUT FIBANCI LEVEL BUY POSSOBLE GO 1.618
Silver Follow Up & Future Predictions For 2020 & 2021 – Part IHere I have used Gann fan and Fibonacci on Silver sport to identify the current trend.
Fib Retracement:
Top: $29.90
Bottom: $11.64
If silver remains above the 78.6% level, the target will be $27 - $27.8 .
And if it goes inside 8/1 or remains below 78.6% level, we will see the silver price at 0.618 value of fib retracement. The day traders can use the following levels as targets: $ 25 - $24 - $23 .
According to DMI, ADX is less than 25 but turning up. And +DI is signaling an upside rally. Technically, silver is a further advance.
For advance traders, watch significant releases or events that may affect the movement of gold, silver & crude oil.
Monday, Dec 21, 2020:
12:00 - Gold Index
Wednesday, Dec 23, 2020:
3:00 - API Weekly Crude Oil Stock
21:00 - Crude Oil Inventories, EIA Refinery Crude Runs (WoW), Crude Oil Imports, and Cushing Crude Oil Inventories
21:30: Natural Gas Storage
GBP/JPYlevels are marked on the chart it looks bullish for a while
and then it approaches a supply zone along with gann fan induced resistance and a harmonic PNZ area
once can take a risky long until the supply zones because markets usually always go to places where there is a lot inequilibrium an resting liquidity
FLM Short PossibilityBy using Gann Fan It is possible that FLM is GOing to Down trend after 8/1 crossing for the short term. its still 2x from $0.3.
What do you think.
for my followers set gann fan at my advised degree at desired points. it will be easier for you to understand the price action atnd support and resistance.
be a fighter with an ox like an ox.
ULTRACEMCO Levels for 08-SEP-20(Intraday) Buy above 3865 for 15,40,70++
Sell below 3820 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
ULTRACEMCO Levels for 4-SEP-20(Intraday)
Buy above 3960 for 15,40,70+++
Sell below 3935 for 15,40,70+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Ultracemco Levels for 27-Aug-20(Intraday) Buy above 4100 for 15,40,70++
Sell below 4065 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
ULTRACEMCO Levels for 20-Aug-20(Intraday)Buy above 4215for 15,40,70+++
Sell below 4180 for 15,40,70+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
USDJPY pair can be traded LONG You can trade LONG position on usdjpy It will only go up in daily chart no dough
Swing trade - Long Nifty on break of 10437.7 - Gann fan + FibLong Nifty on break of 2x1 gann fan and price close above fib retracement 61.8% level of 10437.7
Aggressive traders can enter as per above
Conservative entry would be to wait for follow-through above the break of 10437.7
TATASTEEL- SHORT TERM BULLISHNESS BUT MORE PAIN IN LONG TERM ?The script lost close to 50 percent of its price from the beginning of this year. After falling near to 250 levels prices have been consolidating with an upward bias. If the upper end of the current consolidation range is broken the prices can test 340-360 on the upside. However it remains to be seen whether the prices will be able to close above these levels which is important in terms of long term price action and also as per GANN. If the lower end of the current range is broken prices can test 180-160 levels which is a long term demand zone for this script.
Note:
The first version of this analysis appeared in the educational blog of Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa
DISCLAIMER
The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog.
Analysts
Prof. Binu P Paul PhD
Prof. Soumya V ACSI
