This idea documents a historical intraday study of Axis Bank using the WD Gann Square of 9 to understand how price reacts at degree-based levels.
On 15 September 2022, Axis Bank showed downward momentum, with the day’s high at ₹806 taken as the 0-degree (0°) reference point.
Using Square of 9 calculations, the important projected levels were:
45° → ₹792
90° → ₹778
By before 2:30 PM, price completed its 45° movement and reached ₹792, aligning with Gann’s concept of normal intraday capacity. At this level, price stabilized and showed a supportive reaction, leading to a short-term upward move.
Although the rebound was limited and did not extend significantly beyond the intraday range, the price behavior respected the mathematical structure of the Square of 9, reinforcing how degree-based levels can act as logical support zones.
This case demonstrates that:
Not every setup produces large profits
Structure, timing, and discipline matter more than outcome
Gann levels help traders avoid emotional decision-making
📌 Key Square of 9 Levels
0° → ₹806
45° → ₹792
90° → ₹778
Disclaimer:
This idea is shared strictly for educational and chart-study purposes only. It is not trading advice.
On 15 September 2022, Axis Bank showed downward momentum, with the day’s high at ₹806 taken as the 0-degree (0°) reference point.
Using Square of 9 calculations, the important projected levels were:
45° → ₹792
90° → ₹778
By before 2:30 PM, price completed its 45° movement and reached ₹792, aligning with Gann’s concept of normal intraday capacity. At this level, price stabilized and showed a supportive reaction, leading to a short-term upward move.
Although the rebound was limited and did not extend significantly beyond the intraday range, the price behavior respected the mathematical structure of the Square of 9, reinforcing how degree-based levels can act as logical support zones.
This case demonstrates that:
Not every setup produces large profits
Structure, timing, and discipline matter more than outcome
Gann levels help traders avoid emotional decision-making
📌 Key Square of 9 Levels
0° → ₹806
45° → ₹792
90° → ₹778
- 📘 Educational Notes
- 45° completion before 2:30 PM often marks a reaction zone
- Minor tolerance around levels is common
- Square of 9 provides price clarity, not prediction certainty
Disclaimer:
This idea is shared strictly for educational and chart-study purposes only. It is not trading advice.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.