Piloting GANN BOX on Nifty D chart
As per Gann BOX (On chart) Nifty Trade In 56 trading day range (Where 50% day UP or 50% day Down )
After every 56 day Nifty charge it's trend. Latest change occur on 05/08/2019
India Housing is falling in a proper parallel channel since it touched the lower trendline it looks like its time for it to make a small up move till 520+ levels:-
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The last descending angle from the ATH is proving to be a strong barrier for the scrip. It has bounced and came back below this line at least four times. Now the angle has descended enough to 140, which if crossed and the stock remains bullish, we may see a level of at least 190 in intermediate term.
important point to note is, will 10715 b able to arrest the fall?
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.