Trading through Gann Angles

[DPKAUR]

Today in daily chart Nifty made an outside bar which means if tomorrow nifty crosses today's high then one can go long and if nifty goes below today's low then one should go short without any fear. One more thing today nifty has taken support exactly @ the weekly gann angle @ 5635. Support @ 5635, 5520 and resistance @ 5840,5869.Attaching two charts Nifty_Daily & Nifty_Weekly

 

[DPKAUR]

From the last 3 days continuously TCS is taking support @ 1285 which is Gann Angle support. If tomorrow this level is broken downside then TCS will take support @ 1192, and if tomorrow this level is not broken then TCS will fly to 1460 odd levels.

 

[DPKAUR]

Nifty is taking support @ Gann Angle which is @ 5630. If nifty breaks 5630 then it may go to 5566 level which is again a Gann angle support. Resistence levels are 5830, 5869 and support levels are 5630, 5566. Until & unless this range is not broken, a big move will not be seen.

 

[v_karthikk]

hi can u update on tcs wrt to gann angle now ,seems like sidewave movement..

 

[mangup]

Hi DPKAUR,

How to draw Gann Angle? What is the concept? Can u share some knowledge Bank?

 

[deepak.live]

hey friends....

below is the link of software web site.

http://www.gannalyst.com/


Download it and do your own analysis.....

Peace

 

[DPKAUR]

Nifty is taking support @ 5611. A long can initaited for the target of 5700, 5752. A weekly close below 5611 will drag it to 5514, and then to 5489 levels.

Bank nifty is taking support @ 11106 level. A long can be initiated @ 11106 with Sl 11000 for the target of 11820.
A closing below 11106 will drag it to 10800
In Nifty 5611 level is to watch on Friday (02/11/2012) closing basis. If the price is closing below 5611 then definitely nifty will drag to lower levels mentioned above.
In Banknifty also closing below 11106 level is essential for it to drag down to the lower levels mentioned above.

 

[DPKAUR]

Today on 01Nov2012 Yesbank closed @ 412.5.Yesbank will go up to 428. If Yesbank is able to close above 428 then the next resistance level is 447 which is a Square of 9 level. @ 428 it is a level where price & time will get square with each other.One should book (80%) partial profit @ 428 and hold rest shares for the target of 447.

 

[DPKAUR]

Hello friends,
With my little experience and from my point of view a short can be taken @ current price with strict stoploss @2275 (Cash). As yesterday SBI was not able to close above the Gann Angle. See the attached chart

 

[a1b1trader]

Thanks for SBI chart
Please post a chart of Nifty
Thanks