Gann-Elliott-Trader

Gann-Elliott-Trader

After so much of negative publicity, UPL finally coming out of consolidation and had a breakout Today. On this chart, UPL is looking strong and may rally for next 2-3 months. Its a Buy above 506 with SL 465 for targets 650++. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for...

Gann-Elliott-Trader

After consolidating for a very long time, finally TCS has a breakout on a larger time frame and retested its support after breakout. Now TCS is ready for an explosive rise anytime. Targets may be much much higher 4000++ in next 4-6 months. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical...

Gann-Elliott-Trader

Today SBIN touched our target of 270, but from here it shows more strength and chart suggests SBIN may rise further from here upto 320-30. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me....

Gann-Elliott-Trader

TataSteel has been trading in a very strong uptrend. For last few days, it was under consolidation and Today's candle suggests its ready to resume its uptrend and to take a leap. Once it resumes its uptrend, 750 will be the new target in it. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical...

Gann-Elliott-Trader

As shown in this 240 mins charts, we have observed two similar kind of moves and similar kind of consolidation. Depending on the charts analysis, HDFC may be heading for 2800 levels in next 2-3 months time.

Gann-Elliott-Trader

On the Daily timeframe chart we can see there was Head & Shoulder pattern formed in this stock but then, trend was very strong, so prices just kept going up and Head & Shoulder pattern voids and this stock is in strong uptrend. This week this stock had a breakout and is ready to go further up. Its multiple years High is 680. This is our first target and above 680...

Gann-Elliott-Trader

After consolidation for several days, ICICIBank has been in uptrend for a few days. Today it opened with a Gap up and held its Gap. These kind of Gaps are created by The Smart Money just before some big news about to become public or when they are interested to take prices to their targets in lesser time. Tomorrow if it sustains its gap and rises further, then,...

Gann-Elliott-Trader

Is this side effect of corona vaccine news? Zoom (#ZM) is down -17% Today. Is the work from home and working at video conferencing time over? This seems like perfect candidate and right level to short this stock? Well, traders have to decide themselves as per their risk apatite.

Gann-Elliott-Trader

JSWSteel had a brekout and started to rise. As per Gann theory, it has entered into a new orbit and as per ElliottWave theory, first wave on weekly time frame is started being developed. From March 2013 to Aug 2018, in 5 years it climbed from low 45 to 425. Similarly, from its low of April 2020 of 132 and by approx 2025 - 2026 it may rise upto 1300-1400. This is...

Gann-Elliott-Trader

This BajFinance chart shows consolidation with six inside candles within a large candle. This shows too much of the energy is being suppressed like spring with in these inside candles and upon breakout either ways may give a good one sided move either up or down. Wait for the right moment and right breakout candle, wait for operators to establish the move and then...

Gann-Elliott-Trader

On the chart of BalkrisInd there were two Doji candles and then a down reversal candle that shows weakness on the charts at the top. After 3 days of inside candles, Today BalkrisInd gave a breakdown and in this swing, this may fall down to touch its support of 1170-1200. From here one may short this stock with the stop loss of 1310 or Buy Put. Disclaimer...

Gann-Elliott-Trader

There have been several Doji candles formed at the top of the charts and yesterday on Monday it gave a clear down reversal signal and Today it confirmed that profit booking or distribution has been either started or its near the end of distribution phase in PEL. Go Short or Buy Puts in this stock for targets of 1100/1200/1250. Disclaimer : Trading is never...

Gann-Elliott-Trader

M&MFin has formed a Doji just before the closing and an inside candle. This is a sign of either trend reversal or a brief halt at trend continuation, but gives us a good trade idea with good Risk/Reward Ratio. To take the advantage of the opening momentum in this stock, Buy above 208.25 and Short below 198.75 with 204 as Stop Loss either side. Either trail your...

Gann-Elliott-Trader

This is for educational purpose only. This is an excellent example of how support and resistance level works. When a support is broken, it starts to act like resistance and when the resistance is broken, it then starts to act like support. Here we can see the same level working as support and resistance both repeatedly and consistently.

Gann-Elliott-Trader

Clariant Chemicals has a clear Breakout and may be ready for a ride after a small consolidation after a fall. Buy Clariant Chemical between 390-400 with SL 370 for targets T1:450 and T2:475. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do...

Gann-Elliott-Trader

Today Nifty breaks its previous high of 10300 and closed above it. Now its previous higher level of 9800 becomes its strong support and Nifty seems to be strong for this swing rally with its previous resistance of 10280-300 as support zone. Now Ganns cycle of 9610-10250-10890 is active and soon we may see Nifty touching Gann's levels of 10890-11K in coming days....

Gann-Elliott-Trader

This is monthly chart of Nifty since its inception in 1990. First wave that started in 2002 lasted till 2007, took 5 years to complete followed by one and half or two years for wave 2 to complete and then third and most powerful and longest wave started in 2009 is completed almost in April 2020 followed by a sharp retracement upto approximately 7500 and we are...