Nifty : Some Gyan with Gann 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 :)
