SENSEX GANN ANALYSIS FOR WEEKLY EXPIRY 24 MAY 2024

٢٣ مايو

Sensex has made a new ATH 75499.91 on 23 May 2024. Earlier swing low came in at 71886.01 on 13 May 2024. Thats a swing of 3500 points in 8 trading days. This sequence has been going from the start of the Gann year with low at 71674.42 on 20 Mar 2024. We have very well the 72000 to 75000 range. Gann students know the importance of this range. The important level to watch on chart 74637.50 for the trend to continue ahead. We had cluster resistance at 75199.91 and 75312.50. We have closed above it at 75418.04. So this become crucial for expiry tomorrow. Next level to watch is 75650 which will set the trend further. So watch the range of 75200 and 75650 as trading range. Extensions can be seen out of this range to 75987 and 76099.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
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