Trading through Gann Angles

[DPKAUR]

LT
A close above 1385 will take LT to new highs. A long trade can be initiated @ 1390 with stop-loss @ 1380 (Closing basis) for the targets of 1430, 1460, 1508, 1540. Also there is a +ve Wolfe wave for which the target is 1460

 

[DPKAUR]

Nifty not able to break our SL of 5500. From friday till now,we got another 75 points from 5495 to 5570

 

[HARIVEL]

Nifty not able to break our SL of 5500. From friday till now,we got another 75 points from 5495 to 5570

Can u post Yesbank & icici pls

 

[DPKAUR]

Can u post Yesbank & icici pls

Harivel right its not possible for me but for sure i will post the levels for you in the evening.

 

[ajeetsingh]

Dear Ajeet ,
while drawing Gann Angles take data as Calender Days & not Trading Days. It will make a lot of difference in your calculations.

Thanks for your direction

 

[DPKAUR]

Harivel right its not possible for me but for sure i will post the levels for you in the evening.

Harivel,
For YesBank u could have asked me a few days before. It was buy @ 420 and the target for it was 470 and we are very near to it.At current levels its better not to start a fresh long position. If Yesbank is able to close above 475 (EOD Closing basis) only then a new long trade can be started in this counter with stop-loss @ 472 (EOD Closing basis) . Targets are 499, 543. and a short trade can be initiated in Yesbank @ 473 (EOD Closing basis) with stop-loss at 475(EOD Closing basis) for the target of 449, 440,417,388, 358, 335

ICICI BANK
Same is the case is with ICICI bank. Now its risky to start long it @ current levels as the stop-loss would be very high.But, If it comes back to 1020 and is able to close above it then you can start buying it for the target of 1148 with stop-loss @ 1015 (EOD Closing basis).

 

[justy]

LT
A close above 1385 will take LT to new highs. A long trade can be initiated @ 1390 with stop-loss @ 1380 (Closing basis) for the targets of 1430, 1460, 1508, 1540. Also there is a +ve Wolfe wave for which the target is 1460

:clap::clap:
LT & Nifty running like a bullet train.:thumb:

 

[Bewinner]

:clap::clap:
LT & Nifty running like a bullet train.:thumb:

yes...I missed the LT one as I was seeding the bullet train on nifty...

But DPKAUR...really appreciable and thanx for such prediction...

 

[HARIVEL]

Harivel,
For YesBank u could have asked me a few days before. It was buy @ 420 and the target for it was 470 and we are very near to it.At current levels its better not to start a fresh long position. If Yesbank is able to close above 475 (EOD Closing basis) only then a new long trade can be started in this counter with stop-loss @ 472 (EOD Closing basis) . Targets are 499, 543. and a short trade can be initiated in Yesbank @ 473 (EOD Closing basis) with stop-loss at 475(EOD Closing basis) for the target of 449, 440,417,388, 358, 335

ICICI BANK
Same is the case is with ICICI bank. Now its risky to start long it @ current levels as the stop-loss would be very high.But, If it comes back to 1020 and is able to close above it then you can start buying it for the target of 1148 with stop-loss @ 1015 (EOD Closing basis).

Its TYPO , pls chart will be v useful

 

[DPKAUR]

Maruti is very close to an important Gann retracement level which is at 1270 from the low of 900 to the top of 1639. A long trade can be initiated at 1270 with stop at 1260 for the targets of 1360,1394, 1454 and If Maruti does not take support at 1270 level then the next major support is at 1184.

Today Maruti has achieved our 3rd target of 1454 gracefully :clap::clap:. Booked partially @ 1454. A buy was given on 24th March @ 1270 levels. A profit of Rs 46000 (per lot) Wooooooo:clapping::clapping:
Now the rest we are holding as a bonus with trailing stop-loss @ 1400 (closing basis). right now the future price is trading at 1464 and cash price is trading at 1454 (11:48 AM)