Unlocking market secrets with W.D. Gann’s time-tested techniques.
In the dynamic world of financial trading, where fortunes can be made and lost in the blink of an eye, traders are constantly seeking strategies that offer a competitive edge. One such approach that has captivated traders for decades is the Gann Opening Price strategy. Developed by the legendary trader W.D. Gann, this method harnesses the power of opening prices to decipher market sentiment and predict future price movements. This comprehensive guide will delve into the intricacies of the Gann Opening Price strategy, exploring its principles, applications, advantages, and limitations, while providing practical tips for implementation in today’s fast-paced markets.
1. Introduction
The Gann Opening Price strategy stands as a testament to the enduring wisdom of W.D. Gann, a visionary trader who revolutionized technical analysis in the early 20th century. Gann’s fascination with market cycles, geometric patterns, and the predictive power of opening prices led him to develop this unique strategy. By understanding and applying the principles of the Gann Opening Price strategy, traders can potentially unlock valuable insights into market dynamics and enhance their trading decisions.
2. What is the Gann Opening Price Trading Strategy?
At its core, the Gann Opening Price strategy is a technical analysis tool that utilizes the opening price of a financial instrument as a key indicator of future price behavior. Gann believed that the opening price encapsulates the collective sentiment of market participants and provides a crucial clue to the day’s trading direction. By analyzing the opening price in relation to previous price levels, Gann angles, and time cycles, traders can identify potential support and resistance zones, anticipate breakouts, and make informed trading decisions.
3. History and Background of the Gann Opening Price Strategy
W.D. Gann, a name synonymous with trading mastery, developed the Opening Price strategy during a time when technical analysis was in its nascent stages. Gann’s approach was revolutionary, combining elements of geometry, astrology, and ancient mathematics to decipher market patterns. He believed that markets move in predictable cycles and that the opening price holds a special significance in understanding these cycles. His techniques, including the Opening Price strategy, have continued to inspire and influence traders across generations.
4. Understanding the Principles of the Gann Opening Price Strategy
Importance of Opening Price in Trading
The opening price serves as the foundation of the Gann Opening Price strategy. It represents the first traded price of the day and reflects the initial balance between buyers and sellers. Gann believed that this initial price sets the tone for the day’s trading activity and provides valuable clues about the underlying market sentiment. By analyzing the opening price in conjunction with other Gann tools, traders can gain a deeper understanding of market dynamics and make more informed trading decisions.
How to Use in Intraday Trading
For intraday trading, the Gann Opening Price strategy can be applied by marking the opening price on a chart and observing its relationship with price action throughout the day. The opening price often acts as a pivotal point, with prices tending to gravitate towards or react to it. Traders can use this information to identify potential entry and exit points, setting stop-loss orders and profit targets based on the opening price and other Gann tools.
How to Use in Swing Trading
In swing trading, the Gann Opening Price strategy can be applied on longer timeframes, such as daily or weekly charts. Traders can identify key opening prices from previous periods and use them to anticipate potential support and resistance levels for future price swings. By combining the opening price with Gann angles and time cycles, swing traders can identify high-probability trading setups and manage their risk effectively.
Advantages of the Gann Opening Price Strategy
- Clear Entry and Exit Signals: The strategy provides well-defined entry and exit signals based on the opening price and other Gann tools, reducing subjectivity and emotional decision-making.
- Trend Identification: By analyzing the opening price in relation to previous trends, traders can identify the prevailing market direction and trade in harmony with it.
- Risk Management: The strategy emphasizes the use of stop-loss orders and other risk management techniques to protect capital and limit potential losses.
- Versatility: The Gann Opening Price strategy can be applied to various financial instruments, including stocks, futures, forex, and cryptocurrencies.
Limitations of the Gann Opening Price Strategy
- Complexity: Gann’s methods can be complex and require dedicated study and practice to master.
- Market Volatility: In highly volatile markets, the opening price may not be as reliable an indicator, and false breakouts can occur.
Tips for Implementing the Gann Opening Price Strategy
- Practice and Patience: Mastering Gann’s methods takes time and dedication. Practice consistently and be patient in developing your skills.
- Risk Management: Always prioritize risk management and use appropriate position sizing and stop-loss orders to protect your capital.
Conclusion
The Gann Opening Price strategy offers traders a unique and powerful approach to analyzing and trading financial markets. By understanding the principles of Gann theory and adapting the strategy to today’s market conditions, traders can gain a valuable edge and improve their trading outcomes. Remember that consistent practice, discipline, and risk management are crucial for success with any trading strategy, including the Gann Opening Price strategy.
Below are the List of all FNO Stocks for March 2025 Month based on Monthly Open. Levels are valid till 31-March-2025
https://docs.google.com/spreadsheets/d/1HgcOzo3yjHlcotJ4KqtSekvwcsB-2-It28Y-3crvS0E/edit?usp=sharing
| TICKER | BUY LEVEL | SL | SHORT LEVEL |
| ABB | 4985.42 | 4954.8 | 4924.18 |
| ABBOTINDIA | 30799.37 | 30610.2 | 30421.03 |
| ABCAPITAL | 157.68 | 156.71 | 155.74 |
| ABFRL | 243.64 | 242.14 | 240.64 |
| ACC | 1829.79 | 1818.55 | 1807.31 |
| ADANIENSOL | 656.58 | 652.55 | 648.52 |
| ADANIENT | 2122.03 | 2109 | 2095.97 |
| ADANIGREEN | 779.79 | 775 | 770.21 |
| ADANIPORTS | 1081.59 | 1074.95 | 1068.31 |
| ALKEM | 4629.43 | 4601 | 4572.57 |
| AMBUJACEM | 467.87 | 465 | 462.13 |
| ANGELONE | 2182.4 | 2169 | 2155.6 |
| APLAPOLLO | 1435.16 | 1426.35 | 1417.54 |
| APOLLOHOSP | 6062.84 | 6025.6 | 5988.36 |
| APOLLOTYRE | 380.44 | 378.1 | 375.76 |
| ASHOKLEY | 217.33 | 216 | 214.67 |
| ASIANPAINT | 2193.22 | 2179.75 | 2166.28 |
| ASTRAL | 1356.28 | 1347.95 | 1339.62 |
| ATGL | 562.86 | 559.4 | 555.94 |
| ATUL | 5326.77 | 5294.05 | 5261.33 |
| AUBANK | 568.94 | 565.45 | 561.96 |
| AUROPHARMA | 1068.06 | 1061.5 | 1054.94 |
| AXISBANK | 1023.34 | 1017.05 | 1010.76 |
| BAJAJ-AUTO | 7983.99 | 7934.95 | 7885.91 |
| BAJAJFINSV | 1896.35 | 1884.7 | 1873.05 |
| BAJFINANCE | 8588.75 | 8536 | 8483.25 |
| BALKRISIND | 2644.24 | 2628 | 2611.76 |
| BANDHANBNK | 142.98 | 142.1 | 141.22 |
| BANKBARODA | 199.32 | 198.1 | 196.88 |
| BANKINDIA | 96.49 | 95.9 | 95.31 |
| BATAINDIA | 1231.56 | 1224 | 1216.44 |
| BEL | 249.03 | 247.5 | 245.97 |
| BERGEPAINT | 491.02 | 488 | 484.98 |
| BHARATFORG | 1024.29 | 1018 | 1011.71 |
| BHARTIARTL | 1588.76 | 1579 | 1569.24 |
| BHEL | 181.21 | 180.1 | 178.99 |
| BIOCON | 305.88 | 304 | 302.12 |
| BOSCHLTD | 26708.04 | 26544 | 26379.96 |
| BPCL | 240.48 | 239 | 237.52 |
| BRITANNIA | 4623.85 | 4595.45 | 4567.05 |
| BSE | 4643.52 | 4615 | 4586.48 |
| BSOFT | 427.68 | 425.05 | 422.42 |
| CAMS | 3181.59 | 3162.05 | 3142.51 |
| CANBK | 81.75 | 81.25 | 80.75 |
| CANFINHOME | 583.63 | 580.05 | 576.47 |
| CDSL | 1121.89 | 1115 | 1108.11 |
| CESC | 131.11 | 130.3 | 129.49 |
| CGPOWER | 573.62 | 570.1 | 566.58 |
| CHAMBLFERT | 540.82 | 537.5 | 534.18 |
| CHOLAFIN | 1416.7 | 1408 | 1399.3 |
| CIPLA | 1408.65 | 1400 | 1391.35 |
| COALINDIA | 372.29 | 370 | 367.71 |
| COFORGE | 7408.6 | 7363.1 | 7317.6 |
| COLPAL | 2479.83 | 2464.6 | 2449.37 |
| CONCOR | 630.17 | 626.3 | 622.43 |
| COROMANDEL | 1675.04 | 1664.75 | 1654.46 |
| CROMPTON | 323.13 | 321.15 | 319.17 |
| CUB | 149.03 | 148.11 | 147.19 |
| CUMMINSIND | 2741.79 | 2724.95 | 2708.11 |
| CYIENT | 1274.98 | 1267.15 | 1259.32 |
| DABUR | 496.05 | 493 | 489.95 |
| DALBHARAT | 1718.56 | 1708 | 1697.44 |
| DEEPAKNTR | 1866.46 | 1855 | 1843.54 |
| DELHIVERY | 251.54 | 250 | 248.46 |
| DIVISLAB | 5514.12 | 5480.25 | 5446.38 |
| DIXON | 14021.97 | 13935.85 | 13849.73 |
| DLF | 643.9 | 639.95 | 636 |
| DMART | 3446.17 | 3425 | 3403.83 |
| DRREDDY | 1125.26 | 1118.35 | 1111.44 |
| EICHERMOT | 4856.83 | 4827 | 4797.17 |
| ESCORTS | 2927.93 | 2909.95 | 2891.97 |
| EXIDEIND | 349.95 | 347.8 | 345.65 |
| FEDERALBNK | 178.91 | 177.81 | 176.71 |
| GAIL | 157 | 156.04 | 155.08 |
| GLENMARK | 1285.9 | 1278 | 1270.1 |
| GMRAIRPORT | 70.73 | 70.3 | 69.87 |
| GNFC | 477.94 | 475 | 472.06 |
| GODREJCP | 1012.22 | 1006 | 999.78 |
| GODREJPROP | 1952.09 | 1940.1 | 1928.11 |
| GRANULES | 462.84 | 460 | 457.16 |
| GRASIM | 2342.89 | 2328.5 | 2314.11 |
| GUJGASLTD | 372.64 | 370.35 | 368.06 |
| HAL | 3115.13 | 3096 | 3076.87 |
| HAVELLS | 1446.89 | 1438 | 1429.11 |
| HCLTECH | 1584.78 | 1575.05 | 1565.32 |
| HDFCAMC | 3657.92 | 3635.45 | 3612.98 |
| HDFCBANK | 1750.55 | 1739.8 | 1729.05 |
| HDFCLIFE | 612.26 | 608.5 | 604.74 |
| HEROMOTOCO | 3666.57 | 3644.05 | 3621.53 |
| HFCL | 79.99 | 79.5 | 79.01 |
| HINDALCO | 638.37 | 634.45 | 630.53 |
| HINDCOPPER | 203.57 | 202.32 | 201.07 |
| HINDPETRO | 296.82 | 295 | 293.18 |
| HINDUNILVR | 2212.59 | 2199 | 2185.41 |
| HUDCO | 166.01 | 164.99 | 163.97 |
| ICICIBANK | 1217.98 | 1210.5 | 1203.02 |
| ICICIGI | 1700.44 | 1690 | 1679.56 |
| ICICIPRULI | 555.51 | 552.1 | 548.69 |
| IDEA | 7.64 | 7.59 | 7.54 |
| IDFCFIRSTB | 58.75 | 58.39 | 58.03 |
| IEX | 157.25 | 156.28 | 155.31 |
| IGL | 189.26 | 188.1 | 186.94 |
| INDHOTEL | 720.93 | 716.5 | 712.07 |
| INDIAMART | 1985.24 | 1973.05 | 1960.86 |
| INDIANB | 511.14 | 508 | 504.86 |
| INDIGO | 4506.63 | 4478.95 | 4451.27 |
| INDUSINDBK | 985 | 978.95 | 972.9 |
| INDUSTOWER | 327.01 | 325 | 322.99 |
| INFY | 1702.76 | 1692.3 | 1681.84 |
| IOC | 115.41 | 114.7 | 113.99 |
| IPCALAB | 1358.34 | 1350 | 1341.66 |
| IRB | 43.67 | 43.4 | 43.13 |
| IRCTC | 677.21 | 673.05 | 668.89 |
| IRFC | 113.69 | 112.99 | 112.29 |
| ITC | 398.4 | 395.95 | 393.5 |
| JINDALSTEL | 857.27 | 852 | 846.73 |
| JIOFIN | 211.3 | 210 | 208.7 |
| JKCEMENT | 4416.48 | 4389.35 | 4362.22 |
| JSL | 591.63 | 588 | 584.37 |
| JSWENERGY | 467.57 | 464.7 | 461.83 |
| JSWSTEEL | 964.93 | 959 | 953.07 |
| JUBLFOOD | 630.82 | 626.95 | 623.08 |
| KALYANKJIL | 466.92 | 464.05 | 461.18 |
| KEI | 3170.78 | 3151.3 | 3131.82 |
| KOTAKBANK | 1917.33 | 1905.55 | 1893.77 |
| KPITTECH | 1202.33 | 1194.95 | 1187.57 |
| LALPATHLAB | 2323.17 | 2308.9 | 2294.63 |
| LAURUSLABS | 531.21 | 527.95 | 524.69 |
| LICHSGFIN | 503.09 | 500 | 496.91 |
| LICI | 745.58 | 741 | 736.42 |
| LODHA | 1138.24 | 1131.25 | 1124.26 |
| LT | 3185.52 | 3165.95 | 3146.38 |
| LTF | 136.03 | 135.19 | 134.35 |
| LTIM | 4696.75 | 4667.9 | 4639.05 |
| LTTS | 4558.1 | 4530.1 | 4502.1 |
| LUPIN | 1915.77 | 1904 | 1892.23 |
| M&M | 2629.95 | 2613.8 | 2597.65 |
| M&MFIN | 273.53 | 271.85 | 270.17 |
| MANAPPURAM | 202.24 | 201 | 199.76 |
| MARICO | 600.49 | 596.8 | 593.11 |
| MARUTI | 11959.46 | 11886 | 11812.54 |
| MAXHEALTH | 966.94 | 961 | 955.06 |
| MCX | 5030.95 | 5000.05 | 4969.15 |
| METROPOLIS | 1578.39 | 1568.7 | 1559.01 |
| MFSL | 1006.18 | 1000 | 993.82 |
| MGL | 1267.79 | 1260 | 1252.21 |
| MOTHERSON | 120.07 | 119.33 | 118.59 |
| MPHASIS | 2273.97 | 2260 | 2246.03 |
| MRF | 106151.99 | 105500 | 104848.01 |
| MUTHOOTFIN | 2145.53 | 2132.35 | 2119.17 |
| NATIONALUM | 179.34 | 178.24 | 177.14 |
| NAUKRI | 7016.6 | 6973.5 | 6930.4 |
| NAVINFLUOR | 3773.18 | 3750 | 3726.82 |
| NBCC | 73.52 | 73.07 | 72.62 |
| NCC | 178.1 | 177.01 | 175.92 |
| NESTLEIND | 2201.77 | 2188.25 | 2174.73 |
| NHPC | 74.04 | 73.59 | 73.14 |
| Nifty 50 | 22331.71 | 22194.55 | 22057.39 |
| Nifty Bank | 48778.2 | 48478.6 | 48179 |
| NMDC | 63.1 | 62.71 | 62.32 |
| NTPC | 313.22 | 311.3 | 309.38 |
| NYKAA | 161.38 | 160.39 | 159.4 |
| OBEROIRLTY | 1495.44 | 1486.25 | 1477.06 |
| OFSS | 7849.96 | 7801.75 | 7753.54 |
| OIL | 347.23 | 345.1 | 342.97 |
| ONGC | 226.14 | 224.75 | 223.36 |
| PAGEIND | 40800.6 | 40550 | 40299.4 |
| PAYTM | 704.33 | 700 | 695.67 |
| PEL | 867.88 | 862.55 | 857.22 |
| PERSISTENT | 5336.68 | 5303.9 | 5271.12 |
| PETRONET | 282.94 | 281.2 | 279.46 |
| PFC | 369.87 | 367.6 | 365.33 |
| PHOENIXLTD | 1555.76 | 1546.2 | 1536.64 |
| PIDILITIND | 2674.33 | 2657.9 | 2641.47 |
| PIIND | 3035.85 | 3017.2 | 2998.55 |
| PNB | 88.34 | 87.8 | 87.26 |
| POLICYBZR | 1466 | 1457 | 1448 |
| POLYCAB | 4860.6 | 4830.75 | 4800.9 |
| POONAWALLA | 282.69 | 280.95 | 279.21 |
| POWERGRID | 254.56 | 253 | 251.44 |
| PRESTIGE | 1116.86 | 1110 | 1103.14 |
| PVRINOX | 911.65 | 906.05 | 900.45 |
| RAMCOCEM | 839.15 | 834 | 828.85 |
| RBLBANK | 160.98 | 159.99 | 159 |
| RECLTD | 367.31 | 365.05 | 362.79 |
| RELIANCE | 1211.44 | 1204 | 1196.56 |
| SAIL | 105.95 | 105.3 | 104.65 |
| SBICARD | 845.14 | 839.95 | 834.76 |
| SBILIFE | 1441.4 | 1432.55 | 1423.7 |
| SBIN | 694.42 | 690.15 | 685.88 |
| SHREECEM | 27452.62 | 27284 | 27115.38 |
| SHRIRAMFIN | 629.16 | 625.3 | 621.44 |
| SIEMENS | 4658.56 | 4629.95 | 4601.34 |
| SJVN | 85.02 | 84.5 | 83.98 |
| SOLARINDS | 8895.94 | 8841.3 | 8786.66 |
| SONACOMS | 507.06 | 503.95 | 500.84 |
| SRF | 2807.34 | 2790.1 | 2772.86 |
| SUNPHARMA | 1595.1 | 1585.3 | 1575.5 |
| SUNTV | 565.17 | 561.7 | 558.23 |
| SUPREMEIND | 3370 | 3349.3 | 3328.6 |
| SYNGENE | 652.11 | 648.1 | 644.09 |
| TATACHEM | 782.15 | 777.35 | 772.55 |
| TATACOMM | 1359.4 | 1351.05 | 1342.7 |
| TATACONSUM | 969.66 | 963.7 | 957.74 |
| TATAELXSI | 5449.52 | 5416.05 | 5382.58 |
| TATAMOTORS | 624.49 | 620.65 | 616.81 |
| TATAPOWER | 340.84 | 338.75 | 336.66 |
| TATASTEEL | 137.85 | 137 | 136.15 |
| TCS | 3506.54 | 3485 | 3463.46 |
| TECHM | 1509.27 | 1500 | 1490.73 |
| TIINDIA | 2477.37 | 2462.15 | 2446.93 |
| TITAN | 3109.1 | 3090 | 3070.9 |
| TORNTPHARM | 2938.05 | 2920 | 2901.95 |
| TORNTPOWER | 1278.15 | 1270.3 | 1262.45 |
| TRENT | 4930.33 | 4900.05 | 4869.77 |
| TVSMOTOR | 2282.97 | 2268.95 | 2254.93 |
| UBL | 1961.95 | 1949.9 | 1937.85 |
| ULTRACEMCO | 10383.02 | 10319.25 | 10255.48 |
| UNIONBANK | 112.79 | 112.1 | 111.41 |
| UNITDSPR | 1283.18 | 1275.3 | 1267.42 |
| UPL | 631.98 | 628.1 | 624.22 |
| VBL | 438.69 | 436 | 433.31 |
| VEDL | 402.42 | 399.95 | 397.48 |
| VOLTAS | 1355.48 | 1347.15 | 1338.82 |
| WIPRO | 281.18 | 279.45 | 277.72 |
| YESBANK | 16.85 | 16.75 | 16.65 |
| ZOMATO | 223.42 | 222.05 | 220.68 |
| ZYDUSLIFE | 884.43 | 879 | 873.57 |