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Next Resistance near 5020-5040?

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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

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About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. prabha says

    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

    Reply

  3. says

    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

    Reply

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