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Showing posts from June, 2013

Gold: Double Bottom Breakout

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Many traders and analysts are not clear for the trend in Gold, but looking at the current chart of Gold prices will now move in a positive direction over short term.
We have been continuously watching this precious metal and came to the conclusion that prices will start its up move. This was only possible with the combination of simple technical analysis and advance analysis.
The following excerpt is been picked from our daily publication “Commodity Gannalyst” where we had mentioned its crucial support and resistance levels.
Gold 1st Month Contract



Analysis
From the above chart we can observe that after a sharp fall from 32500 prices came down steeply and found support near 25000. Prices managed to protect its low of 25000 and bounced thus giving and double bottom break out. After the break out prices managed to stay above it which opens positive possibilities and started consolidating by moving sideways.
Now it is imperative for prices to break this level which will further add momentum in…

IDFC : How to identify change in trend?

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IDFC was one of the worst performer stock but what was the signal that forced the stock to change the trend?
The answer to the above question was only possible with help of advance technicals like Gann Analysis and simple technical analysis such as channels, Fibonacci retracements etc.
 IDFC Daily Chart


Analysis:                             From the above daily chart we can observe that prices are moving in a down trend but in the 1st week of June prices showed a reversal pattern. We have also used price and time grid to find out the change in trend.
Price and time grid is very important not only to find out change in trend but also helps us to determine important support and resistance levels.



Hindalco: Catching top Using Price and Time

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Hindalco:  Catching top Using Price and Time
While many traders were bullish in this metal stock as it was one of the out performer, but using Gann analysis and simple technical analysis such as channels, Fibonnaci retracement etc, it was easy for us to catch the important top in this metal stock.
The below excerpt is been picked from our daily publication, “The Equity Gannalyst” where we have used price and time grid to identify the top.
Hindalco Daily Chart:



Analysis:
From the above daily chart of Hindalco, we can observe that prices after making a low 87 moved higher and in a channelized formation and moved till 50% retracement of the previous down move (135-87). 50% is one of the important retracement level as it has the tendency to reverse once from that level.
Prices made a high at 112.55 and reversed which was 50% retracement and also one of the vibratory numbers placed at this level from where prices reversed and moved lower and even breached its previous vibratory supports.
On the …

Infosys: Predicting through Gann Analysis

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Infosys : Predicting through Gann Analysis
Infosys fourth quarter net profit rose slightly higher-than-expected 3 percent year-on-year (1 percent quarter-on-quarter) to Rs 2,394 crore, helped by higher other income and lower income tax expenses.
The above result was declared on 12th of April and as a result we saw the 20% fall on single day in this stock though the results were positive. Is this fall predictable?
Using Technical analysis and Advance technical concepts such as Gann Analysis it was easy for us to predict the fall and to predict future movements of this stock.
Infosys Daily Chart

Analysis:
As seen in the above daily chart of Infosys, we can observe that prices have made a double top formation and gave bearish break out which dragged the prices lower soon after results were declared and the stock tanked 20% on that day. The stock price further moved lower and made a low of 2186 in late April 2013.
In the month of May the stock moved up and on the day when Mr. Murthy was given …