NIFTY in no mood to provide entering opportunity to conservative Traderrs as posted yesterday need to buy on dipps. A very minor dipp was offered by markets last afternoon. Since then NIFTY in hurry to achieve another Target of 11725 which was mentioned yesterday. Because today is Gann date action was always expected. The nearest support from here is 11500 which is a Triangle Point of this cycle. Again fresh purchases should be avoided at current levels because real support still lies at 11380 on spot. September is an Intresting month for all Financial Markets. More on that later
Category: STOCK MARKETS
BANDHAN BANK Positional view
BANDHAN BANK Price Vibration Cycle would signal upside above 332 for targets of 358 and 388 on Spot in coming weeks.
SBI Target Achieved
Lot of discussions and debates were going on Social Media regarding fake and real breakout signal on SBI but those who followed the basic cycle pattern of SBI they were well aware on 13th of July that in few weeks SBI would test the level of 217 on spot And today the level of 217 is in front of us on our screens. Had clearly mentioned that this trade has to be taken in cash market because to achieve 15 to 20% of target on a single trade takes good amount of Time. Multiple opportunities were there to enter this trade. View posted on 13th of July 2020
NIFTY UPDATE
NIFTY has turned the support and resistance levels on upside above 11564 on spot. This rally could expand till 11725 and 11900 on spot in coming days. But has to be bought on dipps. Short term support zone is between 11360 to 11390 and medium term or weekly support zone is placed at 11250 on spot. Important TIME CYCLE dates falls on Today and Tomorrow so would be important to watch all markets around the world
Opinion Published in this Article is based on my Knowledge and Understanding of Gann Theory. I may or May not have any Trading Positions on suggested Scripts. These Views shall be considered only for Educational Purposes. Any Trading Positions should only be taken after consulting your advisor or obtaining the Gann Trading Course designed by me. I only would post the price levels no charts would be shared here to keep the analysis to the point without writing Lengthy posts
RBL BANK Target Achieved
RBL BANK also achieved the first target of 200 on spot. Was an easy trade who understands cycle and basic vibration pattern. View posted on 13th of Aug 2020
KOTAK MAHINDRA BANK Target Achieved
KOTAK MAHINDRA BANK achieved the first Target of 1437 on spot after giving a dipp till 1331 since then it gave the rally of 100 points in no time view posted on 19th Aug 2020
NIFTY achieved long term target
NIFTY today achieved the long term target of 11540 on spot view posted on 5th of Aug 2020 sharing that article again
https://ganntradersaahil.wordpress.com/2020/08/05/gann-analysis-for-nifty-traders/
AXIS BANK Positional View
AXIS BANK above 492 could test 523 and 560 on spot in weeks to come. Currently Triangle setup is very bullish till 480 but Vibration pattern breakout would happen only above 492
NIFTY Target Achieved
NIFTY achieved the Target zone of 11520 to 11550 on spot as suggested previous week referring the method of complex vibration pattern. Need to secure profits here next longs should be added above 11564 on spot. For medium term very strong support is placed at 11210 on spot.
ICICI BANK Gann Trade
Once zone of 392 to 397 is crossed on upside. ICICI BANK would begin a journey towards 420 451 and 485 on spot positionally.
