I have a hunch here that BTS might see some further losses while struggeling with multiple and compounding Gann resistances in the short term. I anticipate further correction to form a fat double bottom at the 38.2% fib level (around 8000-8004) drawn from its major pump, thus I still tend to favour the short side atm.
However, from this second go at the 38.2%...
Pound getting more strength against other pairs and on technical point of view GBP/JPY is still in uptrend. I would be going long for a target of 147.30 and 148.
Till the time Nifty is holding 9460 level, it will remain in bullish trend.. 9640 would be a hurdle for current scenario a breach of that we can see 9700-9740 soon.
9740 should be the last stop for Nifty and here one can go short with SL of 9798.
This Nifty rally started from Dec 29th when index made a low of 7893, since then we didn't see any correction in Nifty. For me Nifty's highest possible level was 9540 which is almost complete and its on gann resistance level. I would go short nifty around 9500-9540 with SL of 9750 and target would be 9000-8800 in three to 4 month.
Hindustan Oil Exploration is company with good fundamentals and as management is trying resolve issues which has caused pain for company in past. I believe that good days are ahead for company. On the technical point of view stock has given a good breakout above 52 level and had sustained it on weekly closing basis. A buy trade on this share would be suggested for...
Hindustan Oil Exploration is company with good fundamentals and as management is trying resolve issues which has caused pain for company in past. I believe that good days are ahead for company. On the technical point of view stock has given a good breakout above 52 level and had sustained it on weekly closing basis. A buy trade on this share would be suggested for...
Today (or tonight) could be a decisive moment for STR.
We are approaching a point where multiple trendlines, both longer term and shorter term ones, converge with the 61.8 fib line towards a spot area that might mark an important point for STR.
(see blue arrows).
For one, we are now pretty much smack bang in the middle of two long-term trendlines (purple...
I had a love/hate relationship with EMC2. I put a sell order in at 340 some time back in April, but closed the position as I got impatient, thus to persue other options. BIG MISTAKE !
Disclaimer: I have since gone long again.
From a purely technical level, I think Albert is swinging for the fences.
No gravitational pull? Barely...
I have marked some target...
RED AREA:
0.618Fibo Retracement + 0.618Fibo circle + Trendline + Gann's base Line
My area of interest: 1272-1278, very strong resistance area from harmonic point of view.
Trade responsibly
This chart is based on the Gann-box.
I saw this patern on a day-graph of the FTSE100.
When the chart reach >0.75 we seek a parbolic arc that pedicated a drop.
On this moment the same is happening.
After this correction the markt will follow an upwards trend.
I will be looking for a sell setup inside red box (0.5retr BC wave + 1.272-1.618ext + AB=CD completion).
Bearish divergence on 1D chart.
Full moon coming very soon. I expect short-midterm trend reversal.
TP1: 1196
TP2: 1177
TP3: 1160
Trade responsibly.
Just tried this... amazed how two trendlines have almost perfect match to fibonachi/Gann angles...
ok this would more be related to gann 0.25 angle... but anyway trendlines were drawn on bottoms of waves
and I just added Fan... to try... and I am amazed how perfect it works....
I am not Gann trader not even sure that Gann would do exactly this... but.... makes me...
