NSE:NIFTY   Index of the 50 listed India companies
snapshot

Every line on the chart represents support or resistance.
Vertical lines are time lines where trend may change.

One can use this chart as trading map for next few months. This Gann square             chart can be used in standalone way or with other trading strategies like. Candle stick patterns, demand supply zones, Momentum indicators, Fibonacci ratios, trend channels or any other way of your own. This chart can be considered as trade conformation chart.

With all kind of tools and charts we are trying to analyse where trend will change, with this or with my any other chart my intention is not to judge top or bottom. With all the tools we will always try to find possible entry exit and stops only.

It is helpful in deciding entry exit and stops.
GOOD GUIDELINES FOR TRADING
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nice analysis sir, thank you
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Looking at your chart there are 144 places and times the trend may change...It doesnt tell me anything
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It will tell, once you combine momentum analysis or candlestick analysis to it. Way you precept the resistance or support line. same way use this chart.
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I hope you got it. day before yesterday green hammer got formed after doji like candle, and stochastic also showed trend change. This happened at green line on chart, now target can be considered as 7945.

If we close above this level and previous structural high then red lines above will become next target.
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l0ckon dhananjay.d.joshi
Thank you for replying kindly.So do close prices have significance? I've always thought highs and lows do.
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Many traders across the glob use different ways of addressing the price. In my opinion closing price is important as price stayed at that level for more time than it remains at high lows. In simple terms the buyers and sellers equilibrium is reliable. So the closing price shows buying or selling interest more significantly.
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I hope now you are getting what i explained. :-)
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hi mr joshi, can please tell me how to draw the gann square , how many candles to be considered from the initial impulse move
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Hi,

1. Select 3 or 5 or 8 or 13 candles which are from important swing high or low. Start from top or bottom.
2. Time and price needs to be in 1x1 proportion.
3. In case of up trend start from low of first candle to high of 3rd/5th....... candle. apply inverse to down trend i.e high of 1st and low of 3rd/5th......
4. To set charts on 1x1 use price and bar count tool and then use Gann tool

All Gann work is important on price and time both so setting charts correctly is important, practice on daily, weekly or monthly charts of stocks, commodity or any instrument.
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venkat dhananjay.d.joshi
Thank you ji and how to set the chart , where is price anad bar count tool located, can you please guide me
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price and time tools are below harmonic tools on the left of chart.
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venkat dhananjay.d.joshi
thank you verymuch dhananjay ji , but only one
thing ji , i am not getting the diagonal red lines
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I have marked them manually.
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venkat dhananjay.d.joshi
Thank you ji
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Gann Square at its best!!!!!!!!!!!!!!. Market responding from gann lines. Today at 2016 high, One can mark these line on the chart and can trade accordingly.
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We can move down from current point as gann arch is proving to be good resistance, trade only if good signal is generated
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nishanth123 dhananjay.d.joshi
Dhananjay ji - Could you please how to draw the GANN square ...I have read your comment above...How do you determine the 3,5 candles and 1x1.
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