Intraday Using Gann Square: A Powerful Market Forecasting Technique for Nifty Traders
Jul 15, 2024
D. Gann’s methods for market forecasting are truly unique and offer a completely different dimension to understanding the stock market.
Among his many tools, the Gann Square of 9 stands out as one of the most effective techniques for identifying price levels, trend strength, and market reversals especially for intraday trading using Gann Square.
In recent months, Nifty has been consistently making lifetime highs, moving smoothly from one Gann level to the next.
This behavior clearly demonstrates how price respects mathematical harmony when analyzed through Gann’s principles.
Intraday Using Gann Square
The Gann Square of 9 is a mathematical tool that helps traders identify:
-
Key support and resistance levels
-
Probable price targets
-
Market turning points
-
Trend continuation zones
When applied correctly, intraday using Gann Square allows traders to anticipate price movement rather than react to it.
Nifty Gann Square of 9 Daily Chart Analysis (29th June 2024)
Market Context on 29th June 2024
On 29th June 2024, Nifty was trading near 24,010 levels. At that time, a Gann Square of 9 daily chart analysis was performed to identify future price direction.
Key Observation from Gann Levels
The analysis highlighted that Nifty prices were approaching an important Gann angle, and based on historical behavior:
-
23486 acted as a critical reference level
-
A move towards 24103 was anticipated
-
A further extension to 24728 was projected
Happened: Nifty daily chart
Importance of 180-Degree Angle in Gann Square of 9
Why the 180-Degree Angle Matters
Through extensive research, the 180-degree angle has emerged as one of the most reliable parameters in intraday using Gann Square. This angle has consistently provided:
-
Strong resistance during uptrends
-
Reliable support during corrections
-
Clear breakout and breakdown signals
Price Reaction at Gann Angles
When Nifty was near 23486, the 180-degree angle suggested a strong upside probability. This projection aligned perfectly with subsequent price action.
What Actually Happened? (Result Validation)
Gann Forecast vs Market Reality
-
Nifty broke above 24103 decisively
-
The rally extended sharply
-
Price is now heading towards the next Gann level at 24728
From 23486, Nifty has already moved more than 1000 points, validating the precision of intraday using Gann Square combined with higher time-frame analysis.
Combining Time Cycles with Gann Square for Intraday Trading
Power of Price –Time Confluence
One of the biggest strengths of Gann analysis is its ability to combine price and time. When Time Cycles are aligned with Gann Square levels, traders can create high-probability setups for:
-
Intraday reversals
-
Trend acceleration
-
Swing extensions
This price–time reversal technique significantly improves accuracy in both intraday and positional trades.
Why Intraday Using Gann Square Works So Well
In a nutshell, Nifty has been following Gann Square of 9 levels with remarkable accuracy. This approach offers:
-
A simple yet powerful way to read price action
-
Objective decision-making
-
Clear trade levels without emotional bias
When combined with Time Cycle methods, it becomes one of the most effective strategies for intraday traders.
In a nutshell, Nifty has been following Gann square of 9 levels accurately and this is the simplest way of looking at price action and can time is along with Time cycle methods.
Kaal Chakra – Learn to trade the time cycles that can be applied on any index, stocks right from 5 minutes to 15 minutes, daily and weekly time frame for trading using concepts of Hursts Time cycles, Centred Bollinger Bands, price forecast using FLD, Pring Special K indicator, Gann and Lunar cycle scheduled on 20th – 21st July 2024. Early bird ends soon, Limited seats only, Know more
Brahmastra - Learn to time the market and trade with me for the period of 3 Months including Live trading, stock selection, Momentum, and Multibagger stock identification, Timing the entry to the very Day, Hour, and Minute using Time cycles and Elliott Wave analysis. Get access to Kaal Chakra (Master of Cycles) as soon as you register for Mentorship, Fill below form for more details: