Dixon Technologies(India) Ltd. has completed one the Gann’s famous Time Cycle and hit the Price Cycle targets of 18815.45. The chart shows the ATH of 19148.90 which just 333.45 points away from it. This 333.45 points stop loss has given a short trade of 6360.25 with a Risk reward Ratio of nearly 1:19. We got a long from Gann Price Cycle Level of 12455.20 with stop loss of 253 points for the target of 18815.90 of 6360.25 with a Risk reward ratio of 1:25. Again we got the same short trade with same RRR completing the pattern of Double Top and Double Bottom.
Gann Swing Traders can use the Price Cycle level of 12455.20 for initial Targets of 14189.95 with an stop loss of 253 points for targets of 1734.75 with RRR of 1:6.85. Once you learn the Gann Price Cycle Theory your analysis will add the Gann precision cycle points to trade confidently in markets. To learn learn this theory join our courses of Price and Time Cycles and profit from the knowledge gained thereafter.