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Once again we witnessed lot of volatility in the market last week. But Gann levels are so powerful that defying all the turbulance we know the exact entry levels in any kind of market. After one stop loss we got superb long entry near the bottom and more than 200 points profit in just 2 trading session. Follow the trade setup given below and never nargain with stop loss levels.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels . Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Buy if trades near 10525 keep 20 points trading stop loss below 10525.
2) Go long if trades closer to 10450 and keep stop loss below 10430on closing basis.
3) Buy if trades closer to 10280 and keep closing stop loss below 10260.
4)Go short if trades near 10670 and keep 20 points closing stop loss above this level.
5) Go short if nifty trades near 10760. Keep closing stop loss above 10800.
6) Go long if nifty closes above 10800 and keep closing stop loss below 10760.
After one stop loss Bank nifty gave a superb long opportunity near the low of the week (look at the chart) and almost 700 points rally in just 2 trading session. This is exactly called "catching the falling knife". Yes Gan traders are capable of doing so.Enjoy the profit and follow the trade setup given below.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels .Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Buy if trades near 26050 and keep trading stop loss below 26000.
2) Go long if it trades near 25650 . Keep trading stop loss below 25600 on closing basis.
3) Buy if trades near 25300 and keep closing stop loss below 25250.
4) Buy if trades closer to 24730 and keep closing stop loss below 24700.
5) Go short if it trades closer to 26325 . Trading Stop loss above 26350.
6) Go short if trades near 26520 .Keep closing stop los above 26550.
7) Go short if trades near 27000 . Closing stop loss above 27050.
Once again Gann support level 1280 worked superbly (look at the chart). Gann levels work in all markets and in all time frames through out the world.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels . Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Buy if trades near 1280 and keep closing stop loss 10 points below 1280.
2) Buy if trades closer to 1250 and keep closing stop loss below 1230.
3) Go short if it trades near 1310 . Keep 10 points trading stop loss.
4) Go short near 1325 and kee 10 points closing stop loss above 1325.
5) Go short if trades near 1336 and keep 10 points trading stop loss.
6) Go short in the zone of 1365-1380 and keep 10 points closing stop loss above this zone.
IMPORTANT TRADING RULES::
PLAN YOUR TRADE THEN TRADE YOUR PLAN.
ALWAYS TRADE NEAR GANN LEVELS TO MINIMIZE RISK.
NEVER BE RIGID IF SUPPORT & RESISTANCE LEVELS ARE BROKEN.
NEVER TRADE WITHOUT STOP LOSS.
PUT STOP LOSS IN THE SYSTEM NOT IN MIND.
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