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: 16 September 2022
Time Frame: 15-Minute Chart
Concept Studied: Gann Square of 9 (Price–Degree Relationship)
This idea presents a historical intraday observation of Axis Bank using the Gann Square of 9 methodology to examine how price behaved near calculated degree levels during an upward session.
📊 Reference Point and Degree Calculation
On this trading day, Axis Bank began an upward move from a base level near 776, which was treated as the 0-degree reference point for measuring price expansion.
Using the Square of 9 conversion approach, the following levels were observed:
0 Degree: ~776
45 Degree: ~790
90 Degree: ~804
These levels represent measured price intervals that may act as areas where the market pauses, consolidates, or shows temporary change in momentum.
⏱️ Intraday Price Behavior
During the session:
Minor variations of 1–2 points around calculated levels are commonly observed in live markets and can still be considered part of the same reaction zone.
📘 Educational Observations
This case is shared for educational purposes to demonstrate how price has historically interacted with measured degree levels using the Gann Square of 9 framework.
#AxisBank #WDGann #GannSquareOf9 #IntradayObservation #TechnicalEducation #PriceTimeAnalysis #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: 16 September 2022
Time Frame: 15-Minute Chart
Concept Studied: Gann Square of 9 (Price–Degree Relationship)
This idea presents a historical intraday observation of Axis Bank using the Gann Square of 9 methodology to examine how price behaved near calculated degree levels during an upward session.
📊 Reference Point and Degree Calculation
On this trading day, Axis Bank began an upward move from a base level near 776, which was treated as the 0-degree reference point for measuring price expansion.
Using the Square of 9 conversion approach, the following levels were observed:
0 Degree: ~776
45 Degree: ~790
90 Degree: ~804
These levels represent measured price intervals that may act as areas where the market pauses, consolidates, or shows temporary change in momentum.
⏱️ Intraday Price Behavior
During the session:
- Price advanced steadily from the 0-degree reference
- The market approached the 45-degree zone near 790 around mid-session
- Near this level, price showed temporary pressure and loss of upward momentum
- A downward movement followed afterward within the same session
Minor variations of 1–2 points around calculated levels are commonly observed in live markets and can still be considered part of the same reaction zone.
📘 Educational Observations
- Gann degree levels help identify structured price zones for observation
- These zones should be treated as potential reaction areas, not fixed reversal points
- The interaction between price and time provides additional context
- Observing market behavior near calculated levels may help improve structured analysis
This case is shared for educational purposes to demonstrate how price has historically interacted with measured degree levels using the Gann Square of 9 framework.
#AxisBank #WDGann #GannSquareOf9 #IntradayObservation #TechnicalEducation #PriceTimeAnalysis #MarketStructure
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.