Gann Fan
BAJFINANCE Channel BreakoutBAJAJ FINANCE is moving in an up channel for over a month now.
Ranging in the yellow zone on this leg, and testing the edge of channel
Creating smaller range and small bodied candles,indicating a breakout soon (in any direction).
or it can continue to move between the range created. before breaking out of dashed pink lines
Also respecing the Gann Fan Levels
Nifty : Some Gyan with Gann So where to begin with ?! Let's go with analysis first then we will touch up on Gann.
Why I'm aiming the zone of Nifty 9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is right true & to this profile name, an Insider info, Institutions will slowly build up their short positions from 9600's to 10000's, one of
Crompton Greaves at Breakout levelsSelf explanatory chart. Close above the Gann line will be bullish, the volumes have been good in last few sessions. RSI is not supporting much but that can just mean that a close above Gann line will result in stock moving sideways for few days i.e. accumulation stage before it moves up again. Wait for the confirmation. Unable to close above Gann line will result in a pull back to 68.
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