Trading through Gann Angles

[latshi]

Wave59

Anyone using Wave59. If yes can you please share your experience using it trading nifty?

 

[DPKAUR]

Reliance Industries is taking support @ 843 which is a Gann angle support.
A long trade can be initiated @ 844 with tight stop-loss @ 840 for the 1st target of 861, 2nd target 884
&
A short trade can be initiated @ 839 with tight stop-loss @ 845 for the 1st target of 814, 2nd target 767

A close above 862 will take this counter to 884 and a close below 840 will drag it to 814 levels. So, a trade can be initiated in both sides with respective levels.

 

[justy]

Reliance Industries is taking support @ 843 which is a Gann angle support.
A long trade can be initiated @ 844 with tight stop-loss @ 840 for the 1st target of 861, 2nd target 884
&
A short trade can be initiated @ 839 with tight stop-loss @ 845 for the 1st target of 814, 2nd target 767

A close above 862 will take this counter to 884 and a close below 840 will drag it to 814 levels. So, a trade can be initiated in both sides with respective levels.

Hi DK,
Just amazed by the levels you posted a few days back. Yesterday i shorted Reliance industries @ 839 with SL 845 and today i got exited from this short @ 814.Simple Rs.25 per lot in my hands. Reliance Industries low is 811.90 very near to the level you posted. Thanks a lot :clap::clap::clap::thumb:

 

[justy]

Hi DK,
Any levels for nifty or any other stock for the coming week??
Regards
Justy

 

[mastermind007]

Go to Preferences tab. It accepts data from MWD format or CSV format.

 

[DPKAUR]

Hi DK,
Just amazed by the levels you posted a few days back. Yesterday i shorted Reliance industries @ 839 with SL 845 and today i got exited from this short @ 814.Simple Rs.25 per lot in my hands. Reliance Industries low is 811.90 very near to the level you posted. Thanks a lot :clap::clap::clap::thumb:

Hi justy Gr8 :thumb:

 

[DPKAUR]

Technically Sail is going to make a Tripple Bottom to which Gann has given a significant importance in his studies. A long trade must be initiated in this counter from 61.5 and keep on accumulating it till 55.5 levels for the targets of 114, 174, 233,292.

 

[DPKAUR]

SBIN is very near to an important Gann angle support which is at 2040. There is another support line (red color) which is at 2022 . The break of red colored trend-line can take this counter to 1875 level which is an another long term trend line ( pink color). A long trade can be initiated from 2040-2022 levels.with stop-loss at 2010 (closing basis). And a short trade can be initiated from 2010 for the target of 1875.

 

[DPKAUR]

Maruti is very close to an important Gann retracement level which is at 1270 from the low of 900 to the top of 1639. A long trade can be initiated at 1270 with stop at 1260 for the targets of 1360,1394, 1454 and If Maruti does not take support at 1270 level then the next major support is at 1184.

 

[a1b1trader]

Thanks for your outlook on SBIN.
Can you please post your opinion on NIFTY also.
Thanks