IGL | Gann AnalysisIGL | Gann Analysis
The stock has been trading mostly between 496 and 529 levels since the 18-Feb-2021 top | On 14-May-2021, it closed at the juncture of Cube number 512 (8 x 8 x 8 = 512) and trend line support (dotted pink) | A potential action zone
Gann level 529 appears to be a very strong resistance | Price is constantly getting rejected from this level | Price broke above trend line resistance (dotted pink) twice however could not sustain above 529 level
17-May-2021 and 20-May-2021 are important Gann dates for IGL in the coming week | Could be potential trend change dates
Another important support (not shown in this chart) is placed at 501 | Its the LOW of the first month of the year 2021 | Price has mostly traded above 501 since 01-01-2021 baring few trading sessions | Also it is an important Gann Circle projection from the top of 594.85 made on 18-Feb-2021
Support : 501 / 496 / 485 / 474 / 463 / 452
Resistance : 529 / 541 / 553 / 565 / 577
Color codes:
Cube Level : BLACK
45 Degree Gann Level : BLUE
90 Degree Gann Level : ORANGE
135 Degree Gann Level : LIME
180 Degree Gann Level : RED
Gannsquareofnine
WIPRO | Gann Master ChartWIPRO | Gann Master Chart
Broke from Cube Number 512 | Currently sustaining above channel and the Gann Level 496
Important Gann dates are 17-May-2021 and 21-May-2021 | Potential trend reversal dates
Strong above 512 to 518 zone | Weak below 474
Color codes:
Cube Level : GRAY
45 Degree Gann Level : BLUE
90 Degree Gann Level : ORANGE
135 Degree Gann Level : LIME
180 Degree Gann Level : RED
UBL | At an interesting juncture
UBL has been trading between Gann levels 1225 and 1191 since 28-APR-2021 | Revolving around Gann level 1208
Combination of a long term trend line (dotted blue) and Gann Level at 1191 | A strong support zone
Sustaining above 1225, price can head higher | sustaining below 1191 creates a possibility of sharp down move
Support : 1174 / 1157 / 1140 / 1123 / 1106 / 1089
Resistance: 1225 / 1243 / 1261 / 1279 / 1297 / 1315
1297 to 1315 seems to be a strong resistance zone | combination of a multi year trend line (dotted pink) resistance and Gann Level 1315
Color codes:
45 Degree Gann Level : BLUE
90 Degree Gann Level : ORANGE
135 Degree Gann Level : LIME
180 Degree Gann Level : RED
INFY | Trading Near CubeINFY | Trading Near Cube
INFY has been trading between Gann levels 1369 and 1315 since 15-APR-2021
On 12-MAY-2021, price broke below lower channel however bounced back from the combined support of trend line (dotted blue) and Gann level 1315
Currently trading in the resistance zone of lower channel, Cube number 1331 and Gann level at 1333
Sustaining above 1333, price can head higher | sustaining below 1315 creates a possibility of further downside
Support : 1297 / 1261 / 1243 / 1225
Resistance: 1351 / 1369 / 1388 / 1407
Color codes:
Cube : PINK
45 Degree Gann Level : BLUE
90 Degree Gann Level : ORANGE
135 Degree Gann Level : LIME
180 Degree Gann Level : RED
ITC | Gann Master ChartITC | Gann Master Chart
ITC recently made multiple attempts to break above multi year trend line resistance and the zone of Cube Number 216 | Now sustaining above it
Currently trading between a Cube (216) and Gann Square (218) levels
Sustaining above 218 can lead the rally to higher Gann levels 225 / 233 / 241 / 249 and 256
Level 256 could be a crucial point where Gann levels and an important trend line resistance converges
Support Levels: 211 / 204 / 196
HDFCLIFE | Gann AnalysisHDFCLIFE | A Portfolio Stock | Gann Analysis
This stock recently made an all time high of 731 (near Cube number 729), which also happens to be a strong trend line resistance
Strong support is placed between 643 and 665 levels | A good accumulation zone
Above 743 would be a confirmation of breakout for higher Gann levels 757 / 771 / 784 / 799 / 813 / 827 / 841 / 900 / 961 / 1000
Level 643 is a very strong support and has acted multiple times in the past
Below 621 could be a possibility of correction OR a down move
Important support levels below 621 are 599 / 576 / 529 / 512 / 496 / 452
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
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