IF you remember I updated on 4th of January 2016, that as per my Elliot Waves and Gann Analysis there will be a panic decline of at least 25% in four stocks namely M&M finance (Mahindra and Mahindra Finance), IDBI Bank, NCC (Nagarjuna Construction Company) and Andhra Bank . I was in such a hurry to share that I just quickly updated my prediction on my website and forgot. What happened after that?
Here is the link of the Prediction we made some days back about the panic declines of 20-30% in some of the stocks namely Mahindra& Mahindra Finance, IDBI, NCC and Andhra bank. http://ruchirgupta.co.in/mm-fin-idbi-ncc-andhra-bank-to-see-panic-declines-as-per-gann-analysis-nifty-might-see-a-bottom-near-14th-jan/
As per my Gann analysis, M&M finance declined from 246 to 195, decline of 20%
As per my Gann analysis, IDBI Bank declined from 92 to 55, decline of more than 40%
As per my Gann analysis, NCC declined from 77 to 59, decline of 25%
As per my Gann analysis, Andhra Bank declined from 65 to 50, a decline of 25%
This is how I traded M&M finance 220 Strike Put, bought three lots @ 1Rs, 1.25Rs an 1.45Rs on three different days. average buying cost was around 1.25Rs. and I exited from 17 to 19Rs (15 Times) This is how the power of 20-25% movement be utilized by selecting a option strike that will become IN-the-Money in coming days. This can happen in positional trading only. My friends traded in IDBI 80 Strike PUT by entering @ 90 Paise, I suggested them to exit at 5 Rs , while that PUT became 25Rs (nearly 26 Times). Also, our Andhra Bank Puts which we bought at 25 Paise (55 Strike) became 5 Rs (20 Times).
This explosive power of Gann Analysis comes under our course in the following link at http://ruchirgupta.co.in/gann-cycle-decoder-course/