BANK NIFTY GANN TREND ANALYSIS DAILY CHART 31 JULY 2024

Bank Nifty Daily Chart with Monthly Gann Angles which are most important for Gann Analysis are shown in chart. You can see the January 2024 hit on the Monthly angle at 44843. Then the next Monthly angle hits around the level of 48920. You will how Price Action has developed around this angle provided various trade opportunities to the up and down angles. ATH was hit around the Monthly Angle of 52996. We see the Monthly Angle hit twice with a Double Top Formation. Nice short opportunity around it. We use weekly and daily angles to monitor the trades and maximise the profits. Breakout on Bank Nifty will be seen above 54352 as per the Monthly Angle. Following the price action within the Monthly/Weekly/Daily Angles with the Gann Trader Ultimate Edge on Trading the Markets.
Gann Quote : " We use geometrical angles to measure Space and Time periods because it is shorter and quicker method than addition or multiplication; provided you follow the rules and draw the angles or lines accurately from Tops and Bottoms, or Extreme Highs and Lows."
Happy Trading !!!
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