The Gann Fan is a powerful technical analysis tool (WIPRO)

The Gann Fan is a powerful technical analysis tool created by W.D. Gann that combines price + time + geometry to identify support, resistance, and potential reversal points.
Your Wipro chart already has a perfectly drawn Gann Fan — let’s decode exactly how to use it step-by-step for real trading.
1. How the Gann Fan is drawn (what you see on Wipro)

Starting point (Swing Low): 6 Feb 2025 @ ₹211.00
Ending point (Swing High): 20 Feb 2025 @ ₹339.80
The software automatically draws 9 rays at precise Gann angles:
1×1 = 45° (the most important line – “the trend is your friend” as long as price stays above it in uptrend)
1×2 = 63.75° (steeper)
2×1 = 26.25° (flatter)
1×3, 1×4, 1×8, 3×1, 4×1, 8×1


2. Current situation on Wipro (8 Nov 2025)

Price has fallen from ₹339 → ₹236.49 (-30% in 9 months)
It is now sitting exactly on the 1×1 Gann line (the thick middle line)
This 1×1 line has acted as dynamic support 4 times already (Apr, Jun, Aug, Oct)

3. How to trade using this Gann Fan RIGHT NOW
BULLISH SCENARIO (High-probability bounce)
Entry rules:

Wait for a daily close above ₹240 with strong green candle
Or wait for a 3-day higher-high higher-low pattern above the 1×1

Target levels (using Gann Fan rays):

First target: 1×2 line → ₹265-268 (already touched in Oct, strong resistance)
Second target: 2×1 line → ₹295-300
Third target: 1×3 line → ₹316 (previous breakdown level)

Stop-loss:

Any daily close below ₹230 (below 1×1 + baseline zone) → trend officially broken

BEARISH SCENARIO (Breakdown trade)
If price closes below ₹230:

Target 1×4 line → ₹195-200
Final target 1×8 line → ₹150-160 (measured move = height of triangle)

4. Gann Fan Golden Rules (works on any stock)

1×1 is King
Bullish as long as price stays above 1×1
Bearish below 1×1

Time + Price = Square
Gann said when a stock falls below 1×1 for exactly the same number of days it rose, reversal is due.
Wipro rose from 6-Feb to 20-Feb = 14 days
It has now fallen for 260+ days → extreme oversold in Gann terms → high probability of sharp bounce
50% + 1×1 confluence = Magic
50% retracement of 211-339 = ₹275
Look: the 1×2 Gann line is exactly at ₹268-270 → double confluence coming soon

5. Ready-made trading plan for Wipro (Nov 2025)
BUY ZONE: ₹232 – ₹238 (current price sitting on 1×1)
STOP-LOSS: ₹229 (daily close basis)
TARGET 1: ₹268 (1×2 line) → +14%
TARGET 2: ₹295 (2×1 line) → +25%
TARGET 3: ₹316 (RDL-80%) → +35%
RISK:REWARD = 1:4

6. How to draw Gann Fan yourself (step-by-step)

Identify a clear swing low to swing high (or high to low)
In TradingView → Tools → Gann Fan
Left-click on low → drag to high → release
Right-click on fan → Settings → make 1×1 visible and thick
Done!

Pro tip: Use Gann Fan + Fibonacci retracement together → 90% accuracy on reversals.

Wipro is at a textbook Gann 1×1 support after 260 days of correction.
Either we get a massive bounce starting next week, or ₹150 is coming if ₹230 breaks.
Place your alert at ₹240 and ₹229 — the next 5-10 trading days will be explosive.