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  • Nifty Support-Resistance Formula Gann

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    Ratnesh Kumar
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    This document provides a calculation method for determining support and resistance levels in financial markets based on past closing prices. It takes the square root of the closing price and adds a degree factor to calculate potential resistance levels above the current price. It then lists the calculated resistance and support levels based on this method to identify likely price points where buying or selling pressure may occur.

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    NIFTY SUPPORT USING GANN

    Original Title

    NIFTY SUPPORT-RESISTANCE FORMULA GANN

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    This document provides a calculation method for determining support and resistance levels in financial markets based on past closing prices. It takes the square root of the closing price and adds a degree factor to calculate potential resistance levels above the current price. It then lists the calculated resistance and support levels based on this method to identify likely price points where buying or selling pressure may occur.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    35 views2 pages

    Nifty Support-Resistance Formula Gann

    Uploaded by

    Ratnesh Kumar
    This document provides a calculation method for determining support and resistance levels in financial markets based on past closing prices. It takes the square root of the closing price and adds a degree factor to calculate potential resistance levels above the current price. It then lists the calculated resistance and support levels based on this method to identify likely price points where buying or selling pressure may occur.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    CALCULATION OF SUPPORT AND RESISTANCE B

    Column1 Column1 Column2 Column3


    CLOSING SQRT CLOSE SQRT+ DEGREE FACTOR
    11589 107.652218 107.902218
    N OF SUPPORT AND RESISTANCE BASED ON GANN(SIMPLY PUT CLOSING PRICE)

    Column4 Column5 Column1 Column2 Column3 Column4 Column5 Column6


    SQRT+ DEGREE FACTOR R1 R2 S1 S2 S3 R3
    11642.8886 11696.9022 11535.2364 11481.5978 11428.0842 11751.0408

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