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Gann Square of 9 FORMULA
Gann Square of 9 FORMULA
Gann Square of 9 FORMULA
The red and blue lines intersect with other and divide the
square in 8 equal parts.
So lets begin....
Gann Calculator
However, after 9:30 am, you should only take LTP of stock or index.
Idea is in early few minutes there is lot of volatility in market, so to decide fair price we
should take Weighted Average.
Many times it is not possible for many to start trading from 9:00 am. In that case, those
who start trading after 9:30 am, can take LTP.
During 9:05-9:15 am, the WAP (Weighetd Average Price) of HDFC in NSE was 2607
By entering this value in Gann Calculator, you get the Gann square similar to below one.
.
As per this we should buy above 2613 and short below 2601.
If you look, the price didnt went below 2601 after 9:15 am.
Now we take 2620 as our reference price. and put it in Gann Calculator.
We get the below recommendations
Recommendation:
Buy at / above: 2626.56 Targets: 2638.07 - 2650.92 - 2663.8 - 2676.72
After 1-2 hrs, HDFC started moving up and it confirmed its uptrend by crossing the price
2627.
Our target 2638 just got touched and again price started falling indicating pressure at
2638.
And if look at the intraday graph of HDFC we see the HDFC was seeing resistance at
2625 and then at 2638. (see the image below)
Gann Calculator
WAP for Nifty Futures was 5325.
In morning (initial 30 min), the price of Dow Jones was around 10935.
After entering this value in Gann Calculator, we get the following calls
Recommendation:
Buy at / above: 10946.39 Targets: 10967.07 - 10993.26 - 11019.48 - 11045.73
Stoploss : 10920.25
Sell at / below: 10920.25 Targets: 10899.58 - 10873.49 - 10847.43 - 10821.4
Stoploss : 10946.39
Buy Triggered at 10946. Our 1st target 10967 got achieved at 11:30 am.
Our second target 10993 was misses by 10 points.
Nifty Futures Profit for 7th Apr 2010 based on Gann Calculator
The WAP price of Nifty Futures around 9:15 - 9:25 am was 5377.
After entering this value in Gann Calculator we get the following calls
Recommendation:
Buy at / above: 5383.89 Targets: 5399.54 - 5417.93 - 5436.34 - 5454.78
Stoploss : 5365.56
Sell at / below: 5365.56 Targets: 5349.93 - 5331.66 - 5313.42 - 5295.2
Stoploss : 5383.89
Since the target 5399 could not maintain its presence for more than 5 min, we square off
our trade.
and calculate the square again.