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Gann Breakout
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Everything here is for educational purpose. Kindly trade at your own risk.
• This indicator is based on Gann level .
• It is used only for intraday trading in Banknifty .
• Prefer Time frame would be 5mins/10mins/15mins. according to your risk ratio.
• Trade after 9:40am let market gets settle.
• Look for the breakout of the Green(for buy entry) and Red(for sell entry) line for entry.
• Price action also required as targets are more than 100 points. Set your targets and trade on breakout.
You will notice that candles are retracing on the targets line because those targets are gann imp levels.
So if target 1 breaks you can trail your SL till next target.
Trade safe !!
thank you for using the indicator.
Any more ideas to make this indicator more powerful please let me know.
Suggestion are always welcome !!!
• This indicator is based on Gann level .
• It is used only for intraday trading in Banknifty .
• Prefer Time frame would be 5mins/10mins/15mins. according to your risk ratio.
• Trade after 9:40am let market gets settle.
• Look for the breakout of the Green(for buy entry) and Red(for sell entry) line for entry.
• Price action also required as targets are more than 100 points. Set your targets and trade on breakout.
You will notice that candles are retracing on the targets line because those targets are gann imp levels.
So if target 1 breaks you can trail your SL till next target.
Trade safe !!
thank you for using the indicator.
Any more ideas to make this indicator more powerful please let me know.
Suggestion are always welcome !!!
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