I have spent this weekend exploring Gann, & Whatever I could understand I felt this is a complete BULLSHIT.
Just putting my limited Gann exposure to test by predicting the next big fall of Nifty :
- Dates: 3rd July 2023 - 3rd Nov 2025 (Top & bottom both will be made during this period) - Top will be somewhere in range of 20300s - Percentage of fall : 38.5% (Bottom will be made around 12500s)
Let's see if I can be a next Nostradamus of Stock Market..! :D
@maulik1994patel : it's Gann square. but you should learn about Gann theory before actually plotting it on charts.
Also, to perfect time it, one should also be adding moon & sun cycle over this. & I'm not versed in these cycles.
Hence, put this out as a rough estimate. let's see on 2024. how it behaves.
Vikram2402
⋅
Gann is a Very good theory
IIMA_Brat
⋅
@trustingSalami53877, I'm open to learning!
I was amazed seeing how well it fits various past falls. Yet, this is too magical to believe! :D
If this prediction comes true then I will dedicate significant time exploring it, but as of now I will just wait to see how well this prediction will work.
hemayellani
⋅
@IIMA_Brat, some people are saying that using gann theory they can find out the reversal time of the indices banknifty/nifty every day . Also reversal date of the stock also. Is it really possible?
IIMA_Brat
⋅
@hemayellani, It's impossible to exactly predict short term fluctuations. If someone could then he/she would be the most richest person of whole world.
So, I would suggest to take such claims with some pinch of salt..! :D