Are you a new Trader or Investor? Spider Research is a program initiated by the Spider Software to provide free Stock Market Education with our Weekly Research Articles.
Gann Square of 9 : New Dimension to identify advance Support and resistance levels based on Gann.
It basically calculate levels based on degrees (0 to 360 degree angles) likes 45°, 90°, 180°…. 360° which is actually divided into eight parts of a square.
- Recommended Multiple 1 for Intraday levels and greater than 1 can use in other time frame. Settings for Gann Square of 9 > Tool settings > Gann Levels
- Multiple 1 = 0.125 (which is 45° or 45°/360°)
- Multiple 2 = 0.25 (which is 90° or 90°/360°)
- Multiple 3 = 0.375 (which is 135° or 135°/360°)
- Multiple 4 = 0.50 (which is 180° or 180°/360°)
- Multiple 5 = 0.625 (which is 225° or 225°/360°)
- Multiple 7 = 0.875 (which is 315° or 315°/360°)
- Multiple 8 = 1 (which is 360° or 360°/360°)
Gann Levels for NSE NIFTY.
Looks Good Above : 11381.
Can be:11502, 11631, 11766, 11902, 12039, 12176.
Looks Weak Below: 11368.
Can be:11241, 11109, 10978, 10847, 10717
“W” Pattern In AMARAJABAT(weekly chart).
Can be: 689 and 798.
Looks weak below: 645.
Falling Wedge Pattern in IRB (weekly chart)
Can be: 102, 115 & 128.
Looks weak below: 76.
Used Retracement to draw levels.
A Disclaimer: This newsletter has been designed for informational and educational purposes Only. It does not constitute an offer to sell nor a solicitation of an offer to buy any security, which may be referenced upon the site. The services and information provided through this newsletter are for personal, non-commercial, educational use and display. www.spidersoftwareindia.com does not provide investment advice through the site and does not represent that the securities or services discussed are suitable for any investor. This newsletter may include market analysis, All ideas, opinions, and/or forecasts, expressed or implied herein, information, charts or examples contained in the lessons are for informational and educational purposes only & Should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. The accuracy, completeness, and timeliness of the information contained in this newsletter cannot be guaranteed. www.spidersoftwareindia.com does not warranty, guarantee or make any representations, or assume any liability with regard to financial results based on the use of the information in the site.www.spidersoftwareindia.com is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, Disrupt or otherwise impede in any manner, the operation of the site