Wave Strategy Home Forums Trader’s Forum Nifty Gann Angles

This topic contains 2 replies, has 1 voice, and was last updated by  SR 5 days, 18 hours ago.

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  • #200376 Reply

    SR

    This is on log scale. As seen, Nifty has defended the 22.5 deg support from 2000 Top since May ’09 and not been able to surpass the 45 deg resistance of 2003 Low after breaking it in Dec ’15. The Time cycle is based on 20 year Jupiter Saturn synodic cycle dates which are historically for Dow good tops as also seen in Nifty even at mid-cycle Sep’10. This will, if at all, only be our 1st full cycle top from top of May 2000 (beginning of the current synodic cycle) to top around 21/12/2020. Synodic cycle means planets Jupiter and  Saturn conjunct ~ every 20 years with this cycle ending on 21/12/2020, effects of which start from atleast 3 deg prior and remain atleast 3 deg post actual conjunction so a range from Nov 2020 to Jan 2021 can be observed.

    #200427 Reply
    Profile photo ofashishkyal
    Ashish Kyal, CMT

    Can you also provide your conclusion for everyone to understand…

    #200498 Reply

    SR

    Please bear with me since I need to elaborate else a very short conclusion may be misinterpreted as also the method of plotting these angles using software.

    As per W D Gann, Price and Time always square meaning they will be balanced at a particular point. So by plotting Gann angles, one gets an idea as to where a stock price is presently located. Caveat is a visual approximation as to the balance of x and y axis units need to be ascertained based on the price action vis-a-vis time. Locking scale on a log chart and plotting a 45 deg angle line and super-imposing 1/1 angle on the 45 deg angle line greatly helps. 45 deg angle is 1/1 meaning on this angle line, 1 unit of price is balanced with 1 unit of time. Similarly 2/1 is 22.5 deg angle meaning on this angle line, 1 unit of price is balanced with 2 units of time. Gann used to physically plot on graph paper with equal unit measurements(sub-divided into 8 parts) on x and y axis.

    What I have attempted above is using 1 major earliest top and a bottom following the top to plot angles. It is clearly giving us resistance and support lines though in this case on a larger time frame. One can use the above method from important tops and bottoms to get S&R references for shorter time frames.

    Also one needs to find out the vibration of a particular stock/index since balance can be at different angles meaning while 1 stock balances with 1 unit of price and 2 units of time while others may behave differently.

    The synodic time cycle plot gives us a possible top around 12/2020 since it has reacted well to it at the beginning of the cycle in May 2000 as also in the middle.

    Conclusion: We might see a good top in around Nov’20 to Jan’21 with S&R as plotted by the Gann angles above. For shorter term predictions, there is no better guide than Mr. Ashish Kyal. Probably the best in the country.

     

     

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