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.
Octave
TATAMOTORS | Gann Octave AnalysisTATAMOTOTS | Gann Octave Analysis | Bearish Possibility
Possibility of heading towards lower channel in 309 zone.
Trade Activation Level : 329 (Currently sustaining below this level)
Bearish Entry Below 322 | Support levels: 320 / 316 / 311 / 309 / 302
Bullish Entry Above 332 | Resistance levels: 336 / 343 / 347 / 350
Not a trade recommendation.
GAIL | At an Important JunctureGAIL | At an Important Juncture
Reversed from trend line resistance
Closed near 125 (Cube of 5) on 29/01/2021
Price is near support zone of upper channel around 125
14 period RSI at an important level (RSI = 60)
Supports: 123 / 119 / 116 / 111 / 106 / 101 / 98
Resistances: 127 / 133 / 139 / 144 / 149
EICHERMOT | At an Important JunctureEICHERMOT | At an Important Juncture
Closed exactly at 2744 (Cube of 14) on 29/01/2021
Price took support of Middle Chanel (marked dotted) around 2725
14 period RSI at very important level (RSI = 50) and at trend line support
Supports: 2704 / 2653 / 2601 / 2576 / 2559 / 2526 / 2500 / 2451 / 2426
Resistances: 2809 / 2822 / 2863 / 2916 / 2944 / 2996 / 3025 / 3085
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
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
PEL | Gann Octave AnalysisPEL | Gann Octave Analysis | A possible value BUY
This stock has been trading inside Gann Octave range of 1262 and 1590 since 23-JUN-2020 (nearly 7 months now)
Currency trading near Gann Octave Level 1590 (near 1600, Square of 40)
Price has broken out above multi year trend line resistance
Trading well above the Volume Weighted Moving Average (180 days VWMA) which has acted well in the past
Resistance: 1600 / 1681 / 1728 / 1764 / 1849 / 1918 / 2025
Support: 1521 / 1444 / 1369 / 1331 / 1296 / 1262 / 1174
LICHSGFIN Gann Octave AnalysisLICHSGFIN | LIC Housing Finance | GANN Octave Analysis
CMP 442 (near Natural Square Number 441)
Breaking out trend line with strong momentum and volume
Breaking out channel held since March 2020
Trade Level: 474 (Gann Square of 9), also a 50% retracement level from all time high
Supports: 393 / 313 / 259
Resistances: 553 / 663 / 687
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
BANKBARODA | GANN Octave AnalysisBANKBARODA | Gann Octave Analysis
This stock has been trading between Gann Octave Levels 60.1 and 68.2 since 07-DEC-2020.
Trading near cube number 64, an important action zone.
Approaching trend line resistance zone near 77.
Gann Resistance Levels: 69 / 73 / 77 / 81 / 84
Gann Support Levels: 65 / 60 / 57 / 53 / 49
Caution: High trading volume, however low delivery volume.