So where to begin with ?! Let's go with analysis first then we will touch up on Gann.
Why I'm aiming the zone of Nifty 9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is right true & to this profile name, an Insider info, Institutions will slowly build up their short positions from 9600's to 10000's, one of the peers told, sounded logical. But as I always say, News or Rumour doesn't matter, we trust & trade charts only and just have the info in back of your mind. Thats it !
There is strong misconception that Gann is Money Generator. Guys, Gann has its own pro's n cons its not complete money maker and makes money forever or give 100% or 90% winners without any loss. Actually I saw few websites claiming 90% n 100% winner with Gann, I was quite surprised & how people get lured to them. Personally, I'm yet to come across one who makes over 75% or 80% winners consistently. So Gann is not holy grail. But when used properly it will generate money :)
But Gann is simplest tool which can be efficiently used in Intraday and when the stock gets single directional move, profits will follow. Either a range or swing will hit both stops and target whichever swing goes first is the result. I want to drive home just 3 points,
i) Gann not Holy Grail
ii) Simplest tool for Intraday, only Intraday but Gann suggested to use it for long term analysis ( weeks or months )
iii) Even Gann time analysis have own success n failure rate & there is no 90% or 100% win rate
Disclaimer : I'm not giving the gyan, I borrow from Gann & sharing the Gyan.
Should I continue recent setups I'm posting with Gann or should I get back to old style ? What you Guys love to see ? Drop in your opinions, both on the content above & on posts :)
Why I'm aiming the zone of Nifty 9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is right true & to this profile name, an Insider info, Institutions will slowly build up their short positions from 9600's to 10000's, one of the peers told, sounded logical. But as I always say, News or Rumour doesn't matter, we trust & trade charts only and just have the info in back of your mind. Thats it !
There is strong misconception that Gann is Money Generator. Guys, Gann has its own pro's n cons its not complete money maker and makes money forever or give 100% or 90% winners without any loss. Actually I saw few websites claiming 90% n 100% winner with Gann, I was quite surprised & how people get lured to them. Personally, I'm yet to come across one who makes over 75% or 80% winners consistently. So Gann is not holy grail. But when used properly it will generate money :)
But Gann is simplest tool which can be efficiently used in Intraday and when the stock gets single directional move, profits will follow. Either a range or swing will hit both stops and target whichever swing goes first is the result. I want to drive home just 3 points,
i) Gann not Holy Grail
ii) Simplest tool for Intraday, only Intraday but Gann suggested to use it for long term analysis ( weeks or months )
iii) Even Gann time analysis have own success n failure rate & there is no 90% or 100% win rate
Disclaimer : I'm not giving the gyan, I borrow from Gann & sharing the Gyan.
Should I continue recent setups I'm posting with Gann or should I get back to old style ? What you Guys love to see ? Drop in your opinions, both on the content above & on posts :)
Comment:
Just an update on 5min chart :
Comment:
Though you guys might have known already just a heads up, relief is coming as expected and posted yesterday ( in above post ) , We expected 100 points relief to downside, looks like we are gonna have more bcos of global scenario, Enjoy !
