Chart shown is the Shorter term GANN Chart which shows that next shorter term GANN lines are near 5020-5040 levels. Fibonnaci retracment levels 38.2%, 50%, 61.2% are shown in the chart(Brown Lines). Just check out how market respect those zones. And still the long term supports are resting near 4800 levels and will increase with respect to time
Related Readings and Observations
- Nifty Shorter term and long term GANN Overview
Shorter term GANN Shows resistance near 5040-5050 region. And when looking into the long term GANN Charts I've had drawn the charts with two possibilities. The first chart is by drawing from the lo... - Nifty Shorterterm GANN Hourly Charts view
Nifty GANN FAN falling Hourly chart of Nifty is shown and currently nifty is still hanging around the falling resistance line(Brown line) as shown in the chart and also trading below - Keep on Zooming my GANN Charts
On March 2 We had discussed about the two possibilities of Long term GANN chart. In that post i had observed 4800 as the long term support in first kind of long term GANN Chart and 5050 as a resist... - Nifty Again Nearing the long term GANN resistance point
Nifty once again in the way of reaching near the long term GANN Resistance point 5420 region. Chart shown above is Nifty Daily GANN Chart. The intermediate GANN Supports coming around 5240 weakness...
Sir,
How to check whether the gann fan drawn by us is correct or not…is it necessary that the 45 degree should be the diagonal of the gann squarE.
Thank you in advance.
prabha
raj,
can you post the long term gann charts…..
yeah will post it today
Prabha,
I draw the GANN Charts either connecting the major high’s and low’s(Both Shorter term and long term) and with respect to time iam once again shifting the same lines to lows to major Support or from High’s to major resistance. By doing so most of the time iam able to find interesting supports/Resistance…. Just have a try it would be fun