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...
Gann Master 12 Chart
Gann Master 12 Chart (or Square of 12 Chart) is a time forecasting technique discovered by W. D. Gann which works amazingly well in describing longer time cycles. The chart appears as a two dimensional matrix containing 12 rows and 12 columns. Numbers in the chart usually denote time in Years. The matrix is constructed beginning with...
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