NIFTY VIEW
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Hi
Price in NIFTY moving above weekly high and daily high ,today 17july2023 opened with gap made an high of 19615.25 GANN angle support and resistance in GANNBOX plotted can be noticed higher chances of making new highs possible once the hourly high of today is breached and continue move further for another hour closing above the hourly high, 19647.5 which is a GANN SQ OF 144 upcircle starting ,price can face resistance at this level ,but after some consolidation if moves further ,price enters in to a complete new circle according to GANN SQ OF 144 calculation. For us to monitor this and to stay in position for higher prices added an WILLIAM % RANGE oscillator available in the indicators untill this wpr indicator is above -30to 0
price behaviour is on BUY side ,can use this WPR indicator as a nice tool to enter and exit trades, ,for good benefits use it on daily time frame ,can also be on 1hr time frame ,use with proper RRR .
hoping a bullish week for NIFTY, stoploss 19523.6 WHICH IS A FIB SUPPORT level from the latest swing.
ENJOY
Price in NIFTY moving above weekly high and daily high ,today 17july2023 opened with gap made an high of 19615.25 GANN angle support and resistance in GANNBOX plotted can be noticed higher chances of making new highs possible once the hourly high of today is breached and continue move further for another hour closing above the hourly high, 19647.5 which is a GANN SQ OF 144 upcircle starting ,price can face resistance at this level ,but after some consolidation if moves further ,price enters in to a complete new circle according to GANN SQ OF 144 calculation. For us to monitor this and to stay in position for higher prices added an WILLIAM % RANGE oscillator available in the indicators untill this wpr indicator is above -30to 0
price behaviour is on BUY side ,can use this WPR indicator as a nice tool to enter and exit trades, ,for good benefits use it on daily time frame ,can also be on 1hr time frame ,use with proper RRR .
hoping a bullish week for NIFTY, stoploss 19523.6 WHICH IS A FIB SUPPORT level from the latest swing.
ENJOY
Note
USE FIB retracement value of 0.236 and 0.38 as trailing stop loss asper RRR ,as and when price moves higher place the fib retracement to high keeping the low as same as the latest swing low .
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