Another week ended for NIFTY in same range. With every passing week the range is just getting narrower. More it stays in this range greater the opportunity to trade the Trending move on neither side once it breaks. But till then need to limit the exposure on INDEX. As traders it’s normal to have an opinion on market but before taking any directional trade what’s needed is a Price conformation from Markett. Until it really comes absolute patience is required from our end. We need to be prepared for both the possiblity.
On price front 15570 to 15600 would continue to provide strong support on downside. Upside resistance would be witnessed at 15810 for the Targets till 15914 and 16030 on spot. In case if the support levels breaks then we have an ultimate support placed in the zone of 15350 to 15400 which if breaks would be disastrous for overall market setup. Then we have to be prepared for a medium term deeper price correction. Would discuss on it briefly once the support level breaks. Because the break of 15350 would turn the Triangle,Pentagon ad Hexagon pattern southwards.
On TIME front Very Important vibration dates for all Financial markets for the remaining month would be 12th of July 2021,16th of July 2021,23rd of July 2021 and 30th of July 2021. High intensity Vibrations would be observed around these dates across all markets. Note dates mentioned here are based on Gann and Harmonic analysis.
Views published above should be considered for Educational purposes. Any Trading Positions should be taken only after consulting your Investment Advisor. All views above are based on my understanding on Gann Theory. I had included all available technical methods which are part of Gann Theory to make my analysis more effective. So a retail trader not aware on Gann Theory would find it tough to understand this Trading System. For any help or guidance feel free to contact us. Regards Team Gann Price Time Analysis.
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