Disclaimer:
This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice.
Symbol: AXISBANK (NSE)
Date Observed: 08 August 2022
Time Frame: 15-Minute Chart
Concept Studied: Gann Square of 9 (Price–Degree Levels)
This idea presents a historical intraday observation of Axis Bank using the Gann Square of 9 framework to study how price behaved around calculated degree levels.
The purpose is to demonstrate how Gann levels may act as structured reference zones where price can pause, consolidate, or change behavior depending on market conditions.
📊 Reference Point and Key Gann Levels
⏱️ Observed Intraday Price Behavior As the session developed:
📘 Educational Insights: Understanding Gann Levels
This example demonstrates how Gann levels can be used to study intraday structure using objective and repeatable methods.
#AxisBank #GannSquareOf9 #WDGann #IntradayStudy #TechnicalAnalysis #MarketStructure #TradingEducation
This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice.
Symbol: AXISBANK (NSE)
Date Observed: 08 August 2022
Time Frame: 15-Minute Chart
Concept Studied: Gann Square of 9 (Price–Degree Levels)
This idea presents a historical intraday observation of Axis Bank using the Gann Square of 9 framework to study how price behaved around calculated degree levels.
The purpose is to demonstrate how Gann levels may act as structured reference zones where price can pause, consolidate, or change behavior depending on market conditions.
📊 Reference Point and Key Gann Levels
- During this session, Axis Bank initiated an upward move from a level near 728, which was treated as the 0-degree reference point.
- Using price-to-degree conversion, the following levels were observed:
- 0 Degree: ~728
- 45 Degree: ~742
- 90 Degree: ~755
- These levels represent mathematically derived zones that can help study market structure objectively.
⏱️ Observed Intraday Price Behavior As the session developed:
- Price advanced steadily toward the 45-degree zone (~742)
- This level was reached before the late-session time window
- Around this zone, the market showed temporary balance and sideways movement
- Instead of an immediate directional move, price remained near this level for an extended period
- This type of behavior suggests that Gann levels may act as equilibrium zones, where momentum can slow or transition.
📘 Educational Insights: Understanding Gann Levels
- Gann levels represent structured price zones derived from mathematical relationships
- These levels may function as potential reaction zones, not guaranteed reversal points
- Market response may appear as reversal, consolidation, or continuation
- Time and price alignment both influence how price behaves at these levels
- Not every level produces strong movement, highlighting the importance of observation and discipline
This example demonstrates how Gann levels can be used to study intraday structure using objective and repeatable methods.
#AxisBank #GannSquareOf9 #WDGann #IntradayStudy #TechnicalAnalysis #MarketStructure #TradingEducation
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.