The Gann Square is one of the best known technical analysis tools created by W.D. Gann. It is considered a cornerstone of his trading technique that is based on time and price symmetry. The Gann Square is an advanced tool and using it properly requires a base level of knowledge about Gann theory and some experience with charting. Please note that the chart needs to be scaled properly to ensure the market has a square relationship. The tool uses the Gann Wheel as a basis for its patterns of price and time. It can be used in a variety of ways.
One way is to start at the previous major pivot point (normally the end of the last 5 wave sequence) and draw it so that the 1 X 1 line follows the current market support areas to a good degree. Another way is to highlight geometric formations that can forecast key support and resistance levels by counting forward from the all-time low or all-time high. TradingView has a smart tool that allows users to draw the Gann Square on a chart.
on wave 4 correction after hyper extended wave 3
Disclaimer..not invested, tracking this diversified infra theme
not an investing/trading recommendation
Delay in greenfield expansion at the Kakinada facility and slower
de-bottlenecking at the existing Hyderabad and Vizag facilities are some
lingering issues that are unlikely to get sorted out anytime soon..
Serious doubt about any topline growth possibility to write home about...
although with the lifting of import alert for Vizag and recent clearance ...
BLS international- After coming back on the growth visibility with a new UK contract which is the largest of all the contracts win by the company till date, and the punjab woes kind of soothed after the news that the punjab gov has allocated the receivables due to bls in the yearly budget and of that 30cr has already come in april…
the correction i was waiting ...
I expect the stock to open gapdown and test the levels of 1760 -65 once and then rise above ,
thus will like to go long with sl 1738
aand positional tgt
1847 ++ in 2-3 days .
A friend of mine recommended MANINDS (NSE) at around Rs.133. Since his recommendation, it has gone down to Rs.126.55. But still he is confident that the stock will bounce back.
Yesterday this stock and found that it is in bullish mode. Bollinger Bands & MACD indicate that it will bounce from current level. GANN square confirms as well.
Normally I am long ...
Short here
1.double top
2.stochastic rsi overbought
3.macd is in mood of downtrend
4.macd histogram already started to go down
5.a very strong candlestick pattern (hanging man)
6.high risk to reward ratio
7.elliot wave still holding
.....All mentioned & plotted on Chart.
FnO / intraday / Swing levels Updated Later
Don't forget to Click / Tap LIKE button, as Like is Barometer of Usefulness.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
All plotted on Chart.
Go Short Above @ 44.6+
Best or MORE @ 45.15+
TARGET: @ 44, @ 43.65, @ 43.1, @ 42.8, @ 42.45
More on Chart.
SL: @ 46.10 (by Closing)
If enriched your knowledge,
Please don't forget to Hit / Click Like button.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
