Intraday Trading Using GANN Square of 9 on Nifty
Jul 15, 2024
D. Gann methods for market forecasting is very unique and provides a different dimension to see the stock market.
Nifty has been touching lifetime high levels every other day. Prices have been moving from one Gann level to the next level.
Below chart of Nifty was shown on 29th June when prices were near 24010 levels.
Nifty Gann square of 9 daily chart – Anticipated on 29th June 2024
Happened: Nifty daily chart
Nifty Gann square of 9 requires to find out the angle which is providing support or resistance to prices.
We have researched 180 degree angle as an important parameter that has been providing resistance and support to prices on most of the occasions.
As shown on the daily chart when prices were near 23486 it was forecasted that we can approach to 24103 levels and probably above it to 24728.
Happened: prices showed sharp rise and crossed above 24103 and is now headed towards 24728 next Gann levels. There has been a move of more than 1000 points already from 23486.
By combining Time cycles with Gann it is possible to form powerful trade setup of price time reversal technique.
In a nutshell, Nifty has been following Gann square of 9 levels accurately and this is the simplest way of looking at price action and can time is along with Time cycle methods.
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