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.
Nifty is at crucial junction break of 10826 would take nifty towards 11000. One should buy nifty 10800 call with stoploss of 10766 and first target of 10900 and 2nd 11000 and final 11126.
Reliance is witnessing a strong uptrend and have crossed a critical resistance level and consolidated around 1168. Time has come to take long positions as it can easily give significant returns in Dec'18 itself. The best way is to buy Reliance 1200 CE priced at 23. This call can easily double over this week. However, Keep a stop loss of 1160 below which you ...
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 ...
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