Trading through Gann Angles

[XRAY27]

Hello all dear fellows,
Attaching a chart of Infy. Can any chart expert help me on this chart? What does this chart means? what does this chart wants to convey?
Regards:
D Kaur

hi,
The chart is representing harmonic patterns

 

[DPKAUR]

hi,
The chart is representing harmonic patterns

Thanks XRAY for ur prompt reply. I know that its harmonic pattern but I want to know what action one should take if this pattern is visible in any chart ?

 

[a1b1trader]

Hi DP

Welcome back

Though I am no expert, but AFAIK
This chart indicates that we can see lower levels in near future.
Pattern being formed in daily, may be, it can take some time to reach its targets

 

[a1b1trader]

Just forgot one point to mention

Do not read too much out of these harmonic patterns
As they keep on extending their right leg, even after formation.
Though, (sometimes, not always) they are good for the indication, that the reversal is near by

 

[DPKAUR]

Just forgot one point to mention

Do not read too much out of these harmonic patterns
As they keep on extending their right leg, even after formation.
Though, (sometimes, not always) they are good for the indication, that the reversal is near by

Thanks a1b1!!
I was just confirming whether other patterns are also suggesting the same thing . I always rely on my system. But there is no harm in taking other things into consideration. Still there is some space for upside in IT.
Overall I am very much BEARISH on IT sector. I am expecting almost 50-60% correction in IT from my levels. Lets see when it happens.
Once again Thank u a1b1 & xray27.
* Its my view please don't take it as any call..
Regards:
DKaur

 

[mastermind007]

Thanks a1b1!!
I was just confirming whether other patterns are also suggesting the same thing . I always rely on my system. But there is no harm in taking other things into consideration. Still there is some space for upside in IT.
Overall I am very much BEARISH on IT sector. I am expecting almost 50-60% correction in IT from my levels. Lets see when it happens.
Once again Thank u a1b1 & xray27.
* Its my view please don't take it as any call..
Regards:
DKaur

Hello DPK

Wonderful to see you back !

I had also closed out of 3 of my EOD positions in IT stocks thinking that sector is likely for correction. Here is what the AFL shows for INFY F1

 

[sabhlok_r]

Thanks a1b1!!
I was just confirming whether other patterns are also suggesting the same thing . I always rely on my system. But there is no harm in taking other things into consideration. Still there is some space for upside in IT.
Overall I am very much BEARISH on IT sector. I am expecting almost 50-60% correction in IT from my levels. Lets see when it happens.
Once again Thank u a1b1 & xray27.
* Its my view please don't take it as any call..
Regards:
DKaur

DPK, hats off to your analysis. All I can say is....Amazing stuff. :thumb::thumb:

Infy dropped almost 9% today. Waiting for others to follow, tcs, wipro, hcltech, techm....

 

[DPKAUR]

DPK, hats off to your analysis. All I can say is....Amazing stuff. :thumb::thumb:

Infy dropped almost 9% today. Waiting for others to follow, tcs, wipro, hcltech, techm....

Thanks Sabhlok_r!!!
Yes in Infy i was short from 3795 levels. Infy covered partial yesterday and initiated fresh shorts in TCS, TechM, Nifty & BankNifty. Lets see today what happens....

 

[sabhlok_r]

Thanks Sabhlok_r!!!
Yes in Infy i was short from 3795 levels. Infy covered partial yesterday and initiated fresh shorts in TCS, TechM, Nifty & BankNifty. Lets see today what happens....

What is your target in tcs and techm ?

 

[DPKAUR]

What is your target in tcs and techm ?

Targets for TCS:-
2089, 2010, 1835, 1667