IGL | 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...
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...
INFY | 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
PVR | 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...
ITC | 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...
HDFCLIFE | 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 /...
ITC | 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...