Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Tata Steel Long Term GANN Chart

32 sec read

Tata Steel GANN Chart

In the last post Bearish wolfe in Tatasteel !!!! by our guest author Mr. Jayachandran one of the regular reader of marketcalls had shared his view on tata steel. After that Iam just scrolling thro
my EOD Charts of Tata Steel and post here the GANN Chart which is most facinating.

 
Chart shown above is the Long Term GANN Chart of Tata Steel And we could able to see how the Tata Steel has been respected near the Rs659.5 zone and after respecting the long term Gann falling trend line since then tata steel is in corrective mood. And currently trading near the GANN rising trend line support zone i.e near 530 zone. And the next level of GANN Support zone comes near 420 levels.

Conclusion
A Possible breakdown and close below 530 could drift tata steel to 420 levels

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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2 Replies to “Tata Steel Long Term GANN Chart”

    1. As per GANN Fan observation, the downside potential is felt only below Rs530.And also Iam not recommending naked calls/puts as only weaker hands play in those danger zone. Moreover my expertise is very less in stock options

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