Lets Do some practical trade based on Gann Calculator.

This is tarde for HDFC on 26th Mar 2010.

During 9:05-9:15 am, the WAP (Weighetd Average Price) of HDFC in NSE was 2607

By entering this value in

Gann Calculator, you get the Gann square similar to below one.

.

As per this we should buy above 2613 and short below 2601.

If you look, the price didnt went below 2601 after 9:15 am.

But price went above 2613. So we enetered in long at 2613.

Our Target 1 2625 got achieved soon.

The price was not able to sustain above 2625 for more than 5 min.

Infact the HDFC touched 2625 and started moving in rang 2618-2623. So there is possiblity for HDFC to move in downward direction.

So we square off at CMP ( 2620 )(approx price).

We ended up in profit of 2620 - 2613 = 7rs.

Now we take 2620 as our reference price. and put it in Gann Calculator.

We get the below recommendations

**Recommendation:**

Buy at / above: 2626.56 Targets: 2638.07 - 2650.92 - 2663.8 - 2676.72

Sell at / below: 2613.76 Targets: 2602.3 - 2589.55 - 2576.85 - 2564.17
So we buy only if price moves above 2627.

After 1-2 hrs, HDFC started moving up and it confirmed its uptrend by crossing the price 2627.

So we eneterd long again at 2627.

Our target 2638 just got touched and again price started falling indicating pressure at 2638.

So try to square off at price near to 2638.

And if look at the intraday graph of HDFC we see the HDFC was seeing resistance at 2625 and then at 2638. (see the image below)