iCharts Discussions

[rameshraja]

Gann Levels for Swing Trading


NIFTY FUTURE:

Crucial Levels: 6049 – 5971

For Close above 6049, SL will be 5971 on closing basis. TGT 6168 – 6300

For close below 5971, SL will be 6049 on closing basis. TGT 5726

ACC:

Crucial Levels: 1453 – 1415

For Close above 1453, SL will be 1415 on closing basis. TGT 1570 - 1666

For Close below 1415, SL will be 1453 on closing basis. TGT 1366 – 1305

HDFC Bank:

Crucial Level: 671

For close below 671, SL will be 697 on closing basis. TGT 614 – 590

HEROMOTOCO:

Crucial Levels: 1907 – 1863

For Close above 1907, SL will be 1863 on Closing basis. TGT 1969 - 2039

For Close below 1863, SL will be 1907 on closing basis. TGT 1810 – 1725

INFY:

Crucial Levels: 2379 – 2331

For close above 2379, SL will be 2331 on Closing basis. TGT 2455 – 2555

For Close below 2331, SL will be 2357 on Closing basis. TGT 2188 – 2155

PNB:

Crucial Levels : 929 – 899

For Close above 929, SL will be 899 on closing basis. TGT 1008

For Close below 899, SL will be 929 on closing basis. TGT 848 – 792

REL INFRA:

Crucial levels : 561 – 537

For close above 561, SL will be 537 on closing basis. TGT 634

For Close below 537, SL will be 561 on closing basis. TGT 452

Note:

Whenever a Stock closes above / below the level for trade activation, it generally bounces by 50% of the range between Entry and Stop rate given.

Best Wishes

C T RAMESH RAJA

[vinst]

RR sir,
thanks for swing trade levels.
to understand better, e.g.,
if nifty closes abv 6049, it could be expected to dip to 6010 (midpoint of 6049 and its SL 5971) where more long can be picked up.

kindly point out if understanding is incorrect.

regards,

[rameshraja]

Mr Vinst

Yes, if you pickup around 6010 of midpoint, SL will be closer. Please note, all Stops are on closing basis as per EOD and I have given rates as per Futures and not as per Spot.

Best Wishes

[skd2012]

thanks! watching your infy and nifty levels.

[dpa]

Dear Ramesh Raja Sir, I am a new member. Saw your posts on trading using Icharts LOC levels and really liked them. Just some doubts:
You have stated that long would be Bear level minus 10 with SL at minus 20, and vice-versa for shorts. whats the significance of the other levels then, i mean, R1 to R5 and S1 to S5. How do we interpret them as per your formula.
Rgds
Dev

[rameshraja]

Mr Dev

You should have placed your query in icharts level thread.. DOn't mix that with this thread. Anyhow..

R2 to R5 are TGT levels for your long and S2 to S5 are TGT levels for short, when momentum is high on range expansions.

Please note, Levels are icharts proprietory system and its not mine.

[Gemini]

Dear Sh. RR Sir,

Happy 2013 and Thanks for posting these levels. Are these based on last weeks OHLC ?

Please keep educating us.

[dpa]

Thank you sir. As suggested by you, i will ask my queries on the icharts thread. But, definitely, this is interesting.

Thank you.
Dev

[rameshraja]

Mr Gemini

Happy New Year.. No Last week OHLC.. It is this ......

[vshankar]

[rameshraja]

Mr Shankar

Its Gann Wheel.

[rameshraja]

Hero Motor breaking 1863 should collapse as per levels given

[Ravi_S]

Hello Rameshraja

Thanks for the levels. I see that ACC, NIFTY, Infy and PNB also closed below your levels today.

Although INFY and NIFTY have closed on the border line. What next? Shorts activated for all these with tgt 1 as Target for now?

Regards
Ravi

[rameshraja]

Hello Mr Ravi

I have given Gann angle levels for Futures and not as per Spot Price.

ACC / HDFC Bank / HERO MOTOCO / PNB has become Swing Short now.

INFY and REL INFRA has closed above long level and has not triggered the Stop yet.. However, I feel INFY is vulnerable to takeout stop of 2331.

Nifty Future has neither closed above 6049 nor below 5971 as of now. We need to wait till direction is shown.

Trust this clarifies your query.

Trade Well ..

[dhanjaal]