The Positioning of RELIANCE on Harmonic Price scale is loosing its Strength

After retesting the All time highs of 1620. Stock Price has corrected significantly from the recent Highs and now it stands near a major Harmonic support of 1370 breaking this Price level could push the stock prices down to 1260 levels on spot

Another Gann aspect to consider is formation of a double top which is not so encouraging pattern for Investors though it’s not conformed it. To eliminate this possiblity it has to get above level of 1630 on spot within next Quarter

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 is having a good time between 8800 9050 it’s in an intermediate sideways trend but momentum and cycle are in downtrend

Todays vibration hour for Intraday is 12.40 to 1.40 watch out for this hour Today

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.

As analysed in morning NIFTY any how needed to cross zone of 9025 to 9045 on spot. But it dint happened todays high is 9030 and is on track to resume downward journey

It is basic Gann rule Old tops becomes support and old bottoms becomes resistance in market and that’s what happened today and would happen in future as well That’s basic character of Financial markets

More downside levels are expected on NIFTY

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 is still week on Harmonic Angles but a short term bounce might occur above 9025 9045 on spot. But broad trend of entire market is on downside so bounce wont sustain on upside

Important Vibration hour forr today is between 12.53 to 13.53 watch out for this Time today

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.

The Gann Harmonic setup of NIFTY is sell on rise until the level of 9255 is crossed on upside

Targets on downside are placed at 9005 and 8890 on spot. As expected last week NIFTY almost tested the swing low of 9043 the low made on Friday was 9050 on spot

As a Gann Trader I am still of the view that NIFTY would break its low of this month but still markets are supreme. All Gann Indicators are signaling pressure on downside

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.

ICICI BANK long term Gann Angle setup is considerably week on all fronts.

At the cmp of 321 it stands between 45 and 90 degree Angle. The major support stands at 302.75 at which price get a balance with time. Dramatic fall wont happen until this price is held on spot

Several hurdles on upside as well. If today it closes below 338 then chances of testing 302.75 would increase in next week. Even the long term structure is sell on rise until we get a weekly closing above 358.75 on spot. Till then zone of 339 to 358.75 is supply zone and 302.75 is a major demand zone major move is expected only either side of these Angles

Disclaimer views expressed here are based on Gann Theory still before taking any trading positions consult your Financial Analyst and act act accordingly

As expected yesterday NIFTY was best to avoid going long till level of 9618 is not crossed on spot. NIFTY has shown weekness since then down almost 400 points from yesterdays high

Still weekness persist as I mentioned in the start of this week that this is an important week for markets around the world since then markets around the world are on a southwards journey.

As far as important levels are concerned Tuesdays low is first to watch followed by the swing low of 8909 on spot. The cycle suggests both this levels shall be tested and broken on downside. The only thing which can stop it to happen is only an announcement of removal of LTCG from capital markets by our Finance Minister if it doesn’t happen then get ready to see NIFTY below 9000 in near term

Hye friends hope you all are doing well. Time to understand the MARKET setup for the month of MAY.. April was an extremely positive month for markets around the world dont expect its repeat in May as well until few long term cycle levels are crossed on upside. First of all Important Turning dates In MAY are as Follows_ 5th of MAY 2020, 12th of MAY 2020, 25th of MAY 2020, and 26th of MAY 2020. All these dates shall mark important Highs and Lows on NIFTY Note these dates are specifically for NIFTY. As far as levels are concerned the very important Breakout level stands at 10212 on spot until this level is not crossed NIFTY is at a risk to test 9000 and even break it. The extend of Voletility has reduced in past month but it still remains on a higher side. Lastly this is a market to have 3 Trading plans 1 Entry, 2 Exit and 3 A backup plan and accept the methodology of sir Gann it’s tough to get all 3 Trading plans in 1 theory. And majority of traders knows it.

Thanks for joining me!

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