NIFTY Gann Harmonic Wave Analysis

As My Stand on Market remains Bullish NIFTY continues to Scale Higher. From 1 way Rally since 9330 is Crossed not a single Geometrical Cycle has turned Vearish. The Long Trade which we took since 9330 that same Trade positions SL is now at 9840 on Spot. In between Profits were booked several Times but during the entire Rally I never Preempted any Top or Bottom. As a Gann Trader I am not allowed to do that its upto Market as a Traderr our Risponsiblity is to be with the Trend rather guessing Tops or Bottoms.

Now when NIFTY has moved above the 10000 Mark the thoughts running around Everyones mind is what next from Here. Well the Answer Lies in Harmonic Waves External Harmonic Waves Today has given a Major Breakout. The Target of this wave is placed at 11200 on Spot. Yes 11200 but need to understand that this Target is not coming in next week or in this month. It will take time the motion of wheels would Eventually take it to 11200 in between there would be some severe corrections but those would be opportunities to add for Long Term Traders.

No Chart Pattern and Technical Indicator would signal a Structural Target of NIFTY at 11200. But The Gann Harmonic Waves Analysis hass this clear message with them. As far as short term Trading is concerned the Trailing SL was updated on my Social Media Accounts in Morning. We had moved up our Trailing SL at 9970 from 9840 yesterday.. The point to consider is that Everything in this Planet hass to follow the Law of Gravity including Financial Markets so be prepared to Edgest your trade according to it.

Disclaimer views expressed in this Article are based on my Research on Gann Theory and the Natural Laws. Do understand the risk involved in Trading before taking any trades.

NIFTY Gann Analysis

NIFTY after a marathon Rally finding space for Consolidation

On Expected lines NIFTY completed all Targets 1 after another. The Trailing SL has now moved higher to 9700 on Spot. But it doesn’t mean we wont book partial profits on higher levels that’s basic rule of Trading. The lebel mentioned here are Trend Reversal Levels which has to be watched Closely.

The weekly Trend remains Bullish. With major weekly support at 9500 on spot. Near term correction would occur below 9700. Note there is a difference between weekness and Correction so NIFTY wont turn weak until 9500 is held.

I usually keep my Analysis simple without sharing any complex Vraphics and lengthy Posts. The levels are for Reference calculated manually without any Charting Software using the Gann Methods

Disclaimer views expressed in this Article are based on my Research on Gann Theory and the Natural Laws. Do understand the risk involved in Trading before taking any trades.

NIFTY TREND Analysis

NIFTY analysis on Gann Date

On Expected lines NIFTY on Friday tested the zone of 9581 on Spot. For this week also Trend remains Positive as long as few Pattern Levels are held.

As mentioned above Today is an Important Gann Date for Markets around the world so Todays High and Low would be very Important for further Action as Far as Time is Conserned.

Now Important Price Levels to watch is 9580 as a Trailing SL which would be moved Higher to 9700 once 9853 is crossed on Spot 9880 9900 is tough zone to deal for Market. As far as Harmonic Trend is conserned It is Highly bullish opening up the Target of 9980 on spot with Wave support at 9491 for swing Traders

Disclaimer views expressed in this Article are based on my Research on Gann Theory and the Natural Laws. Do understand the risk involved in Trading before taking any trades.

NIFTY Gann Analysis

As Expected Yesterday NIFTY achieved the First Target of 9450 Yesterday. But as I Posted then this move wont be 1 way up it could be a ZidZag move until 9315 is held because the previous cycle was not Completed.

But the Fact remains that short term cycle is on Positive. NIFTY would find support on Lower side the zone of 9180 to 9280 would provide major support

But as Traders it is Important to Take profits at Every Important Gann Point and follow the main Trend.

Disclaimer views expressed in this Article are based on my Research on Gann Theory and the Natural Laws. Do understand the risk involved in Trading before taking any trades.