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: 14 September 2022
Time Frame: 15-Minute Chart
Concept Studied: Gann Square of 9 (Gann Numbers / Price–Degree Relationship)
This idea presents a historical intraday observation of Axis Bank using the Gann Square of 9 framework to understand how calculated price–degree levels may influence short-term market behavior.
📊 Reference Point and Calculated Gann Numbers
⏱️ Intraday Price Behavior As the session progressed:
📘 Educational Insights: Understanding Gann Numbers
This example highlights how Gann-based price geometry can be used as a framework for studying intraday price structure objectively.
#AxisBank #GannSquareOf9 #WDGann #IntradayObservation #PriceTimeAnalysis #TechnicalEducation #MarketStructure
This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice.
Symbol: AXISBANK (NSE)
Date Observed: 14 September 2022
Time Frame: 15-Minute Chart
Concept Studied: Gann Square of 9 (Gann Numbers / Price–Degree Relationship)
This idea presents a historical intraday observation of Axis Bank using the Gann Square of 9 framework to understand how calculated price–degree levels may influence short-term market behavior.
📊 Reference Point and Calculated Gann Numbers
- During this session, Axis Bank initiated an upward move from a level near 794, which was treated as the 0-degree reference point.
- Using the Square of 9 price-to-degree conversion, the following level was observed:
- 0 Degree: ~794
- 45 Degree: ~808
- These calculated values are often referred to as “Gann numbers” and represent structured price zones derived from mathematical relationships.
⏱️ Intraday Price Behavior As the session progressed:
- Price advanced steadily from the reference level
- The 45-degree zone (~808) was reached before the late-session time window
- Near this level, the market showed temporary pressure and hesitation
- Upward momentum slowed, and price fluctuated within a limited range afterward
- Such reactions near calculated degree levels are commonly observed in intraday structure studies and may indicate areas where supply-demand balance temporarily shifts.
📘 Educational Insights: Understanding Gann Numbers
- Gann numbers are derived using mathematical price–degree conversion
- These levels can act as potential reaction zones, not guaranteed reversal points
- Market response at these levels may vary in strength
- Time of arrival at a level can influence the type of reaction observed
- Structured observation is more important than predicting exact outcomes
This example highlights how Gann-based price geometry can be used as a framework for studying intraday price structure objectively.
#AxisBank #GannSquareOf9 #WDGann #IntradayObservation #PriceTimeAnalysis #TechnicalEducation #MarketStructure
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