Just observation from History and after analysing Price & Time Goal Theory using Gann Square, Bank Nifty is aiming to a target of 47000-50000 in the month of Jan,2022.
I have spent this weekend exploring Gann, & Whatever I could understand I felt this is a complete BULLSHIT.
Just putting my limited Gann exposure to test by predicting the next big fall of Nifty :
- Dates: 3rd July 2023 - 3rd Nov 2025 (Top & bottom both will be made during this period)
- Top will be somewhere in range of 20300s
- Percentage of fall : 38.5%...
PVR | Gann Analysis | An Interesting Case Study
Following time pattern has been observed since 19/05/2020 bottom:
LOW | 1021.1 | 45 Bars
HIGH | 1469.25 | 72 Bars
LOW | 1051.85 | 89 Bars (One less than 90) | This Low was challenged at 115th Bar, however price never closed below it
LOW | 1281.05 | 135 Bars | This Low was breached on closing basis at...
ITC | A FMCG Value Pick | Gann Analysis
This stock is trading between Cube number 216 and Gann Octave level 222 | A very important action zone
Price has bounced from a strong support level 163 which is a Gann Octave Level as well as a 2x1 Gann angle support
Recently the price has broken above 2x1 down trend angle (colored in RED) and 1x1 up trend...
HDFCLIFE | A Portfolio Stock | Gann Analysis
This stock recently made an all time high of 731 (near Cube number 729), which also happens to be a strong trend line resistance
Strong support is placed between 643 and 665 levels | A good accumulation zone
Above 743 would be a confirmation of breakout for higher Gann levels 757 / 771 / 784 / 799 / 813 /...
ITC | Gann Master Chart
ITC recently made multiple attempts to break above multi year trend line resistance and the zone of Cube Number 216 | Now sustaining above it
Currently trading between a Cube (216) and Gann Square (218) levels
Sustaining above 218 can lead the rally to higher Gann levels 225 / 233 / 241 / 249 and 256
Level 256 could be a...
PEL | Gann Octave Analysis | A possible value BUY
This stock has been trading inside Gann Octave range of 1262 and 1590 since 23-JUN-2020 (nearly 7 months now)
Currency trading near Gann Octave Level 1590 (near 1600, Square of 40)
Price has broken out above multi year trend line resistance
Trading well above the Volume Weighted Moving Average (180...
ADANIPORTS | Super breakout | At important juncture
This stock has given a strong breakout above Gann Octave level 348 (also a zone of Cube number 343)
Currently trading near all time high level and in the zone of Cube number 512
Approaching multi year trend line resistance around 550 level
Week starting 01-FEB-2021 happens to be 45th week from the...
BANKBARODA | Gann Octave Analysis
This stock has been trading between Gann Octave Levels 60.1 and 68.2 since 07-DEC-2020.
Trading near cube number 64, an important action zone.
Approaching trend line resistance zone near 77.
Gann Resistance Levels: 69 / 73 / 77 / 81 / 84
Gann Support Levels: 65 / 60 / 57 / 53 / 49
Caution: High trading...
LICHSGFIN | LIC Housing Finance | GANN Octave Analysis
CMP 442 (near Natural Square Number 441)
Breaking out trend line with strong momentum and volume
Breaking out channel held since March 2020
Trade Level: 474 (Gann Square of 9), also a 50% retracement level from all time high
Supports: 393 / 313 / 259
Resistances: 553 / 663 / 687
BPCL Gann Octave Analysis
Gann Octave captures majority of tops, bottoms and consolidation levels so far
CMP 400 (a square number) is also 50% retracement level from all time high, hence an important trade level
Supports: 363 / 326 / 301
Resistances: 437 / 474 / 499
Gann dates in JAN: 01 / 11 / 14 / 19
Gokul Refoils have confirmed divergence and created a ascending channel.
Good to enter at current price 19.50, with target 22.00, 26.00,30.00 and SL 15.00 closing basis.
At current level price is gripping it's momentum, wait for break out for level 3505 of supply zone and also at this level have a 90degree GAAN LEVEL resistance,
so this level is big hurdle for BAJAJ AUTO for breakout.
Watch this level with SL 3417 on CLS basis, 1st target is 3617and 2nd target is 3816.
GANN LEVELS FOR SWING AND INTRADAY
Disclaimer
--------------------------------------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment...
BANKNIFTY is in sync with Gann Square Levels on daily charts. As it has been seen how the Gann Level & Gann Fan has acted as both support and resistance on multiple occasions. On weekly charts, a double bottom pattern has been formed but the prices hasn't been able to move up and have been hovering between 23000 - 21000 so further consolidation is less likely to...
