Hello everyone, will be experimenting with 2 things to predict time and price for a stock. Have considered my life's first traded stock "DLF".
(Pls don't consider this for any investment purpose, it is for education purpose only)
1. Firstly, this time I am trying to play with Geometry shapes in charts. While learning about Fibonacci ratio we might have come across that this spiral shape (ratio) is found across all types of nature, i.e. plants, animals, solar system etc. One more shape which is very common is "Circle". We regularly use lines, rectangle and square but I have never come across anyone teaching to use circle shapes in charting system. So for research purpose have just started with placing a circle wherein it can touch maximum low or close points.
2. Secondly, I have also used a Gann Square of 9 to check how it has respected historical support and resistance. But before applying GANN numbers it is important to know that this chart is having a fixed price to bar ratio of Number 15. Hence have multiplied all the numbers of GANN mentioned in the chart with number 15. It is amazing to see it has respected 45 deg, 135 deg, 225 deg, and 315 deg. Till date it has respected these levels but don't know if it will be respected or not.
If this theory turns right, we can see DLF price to go in between 1100 to 1200 by Apr-24 or (20 months)
(Pls don't consider this for any investment purpose, it is for education purpose only)
1. Firstly, this time I am trying to play with Geometry shapes in charts. While learning about Fibonacci ratio we might have come across that this spiral shape (ratio) is found across all types of nature, i.e. plants, animals, solar system etc. One more shape which is very common is "Circle". We regularly use lines, rectangle and square but I have never come across anyone teaching to use circle shapes in charting system. So for research purpose have just started with placing a circle wherein it can touch maximum low or close points.
2. Secondly, I have also used a Gann Square of 9 to check how it has respected historical support and resistance. But before applying GANN numbers it is important to know that this chart is having a fixed price to bar ratio of Number 15. Hence have multiplied all the numbers of GANN mentioned in the chart with number 15. It is amazing to see it has respected 45 deg, 135 deg, 225 deg, and 315 deg. Till date it has respected these levels but don't know if it will be respected or not.
If this theory turns right, we can see DLF price to go in between 1100 to 1200 by Apr-24 or (20 months)