Trading through Gann Angles

[a1b1trader]

Sorry, a silly question, pl tell me whether these are futures or spot.
regards,

The chart in post #80, is of Nifty Spot and time frame is weekly.

 

[prashant_trader]

Hi DP,
drawing the planetary line are easy, after figuring it out I abandoned it, you know why,
there are 9 planets, so for each stock the least amount of permutation combination
I would come across would be 9X8=72 different combinations If I consider only two planets,
and it would be much more if I consider 3 planets.
If you are still interested let me know.

 

[DPKAUR]

Dear friends , Reliance is taking support @ Gann angle level @ 907. A long trade can be initiated @ 907-909 with stop-loss at 900 for the 1st target of 917,. The RR is not good and also i am bearish on NIfty, but those who can take risk can go long. Right now its trading @ 908.5
-------------
* RISKY CALL
-------------

 

[DPKAUR]

Reliance missed its target of 917 by only 0.20 paise

Reliance Intraday chart

 

[DPKAUR]

Nifty will face resistance at 6105. NIfty can be shorted @ 6100-6105 levels.
Major resistance levels are 6105,6120, 6143
and major support levels are 6007, 5990, 5962,5914 on closing basis.

 

[timepass]

Hello DPKAUR,

anything about Bank Nifty Futures ?

 

[justy]

Hi DPKAUR,
thanks for your view on Nifty from 6105 to 5990 clear cut 115 points within 4 days. You were the only person in this forum who was saying to short on the top (before it happened) and hatsoff to ur system, Nifty started its down journey very near from the levels u mentioned and stopped near to ur levels.
Today spot nifty gone below ur 2nd target and closed near the 2nd target. What's your take on Nifty now? Pls guide.....
Justy

 

[DPKAUR]

SBIN is taking support @ Gann angle which is at 2400. Start accumulating SBIN at 2400 and more longs can be added @ 2372 with Stop-loss @ 2365. Targets are 2484, 2535

 

[DPKAUR]

Good Luck Justy :thumb: :thumb:
As far as Nifty is concerned, it seems that on Friday nifty took support @ the major Gann Angle & Gann Square levle which was @ 5990. A long trade can be initiated in Nifty @ 5990. Target 6105 and Stop-loss is 5980.
Major resistance are 6105, 6120, 6143 and major support are 5962, 5923.
*--------------------*
*--------------------*
One request
Here i am not giving any calls to take any trade. I am just giving my opinion that what can be done.
*----------------------*
*----------------------*

 

[justy]

Today Stop-loss hit in SBIN