Trading through Gann Angles

[mastermind007]

Dear MM007,

If AshokLey gives a close above 20.10 in this week then it is a buy with stoploss @ 18.3 on weekly closing basis. Targets for upside are 23.5-24.5, 29.3, 32.2, 41.
And 14.90 is a very strong support for this counter.

Thanks DPK ... It did close at 20.3 today itself

 

[justy]

Dear MM007,

If AshokLey gives a close above 20.10 in this week then it is a buy with
stoploss @ 18.3 on weekly closing basis. Targets for upside are
23.5-24.5, 29.3, 32.2, 41.
And 14.90 is a very strong support for this counter.

DK do u mean that if Ashokley gives a weekly close above 20.10 then we should initiate longs? As yesterday it closed above 20.10.. Pls clarify.

 

[DPKAUR]

DK do u mean that if Ashokley gives a weekly close above 20.10 then we should initiate longs? As yesterday it closed above 20.10.. Pls clarify.

Yes Justy :thumb::thumb:

 

[cepetrading]

Yes Justy :thumb::thumb:

DK - Weekly close means ... it should close above 20.10 by friday right 28.03.2014 ?

Correct me if I am wrong ...

 

[mastermind007]

DK - Weekly close means ... it should close above 20.10 by friday right 28.03.2014 ?

Correct me if I am wrong ...

DPK

Great!!!! T1 23.5 already hit .... MarketWatch showing High of 24.35.... Chart showing high of 23.8

 

[cepetrading]

DPK

Great!!!! T1 23.5 already hit .... MarketWatch showing High of 24.35.... Chart showing high of 23.8

I think the weekly closing basis was for stoploss and not for entry ...

Good one Ashok Ley ..

Cheers to DP :clap:

 

[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, techm all set to give bumper profits tomorrow. CMP 1804 spot, target 1768

 

[DPKAUR]

I think the weekly closing basis was for stoploss and not for entry ...

Good one Ashok Ley ..

Cheers to DP :clap:

cepetrading I was expecting this move in next week but it made a marvellous move today. Market always proves u wrong by its dynamic behaviour....

 

[DPKAUR]

DPK, techm all set to give bumper profits tomorrow. CMP 1804 spot, target 1768

sabhlok_r get ready for another downside ride in tcs.....

 

[sabhlok_r]

sabhlok_r get ready for another downside ride in tcs.....

Thanks DPK.... Is 1956 a good target?