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: 11 March 2024
Time Frame: 15-Minute Chart
Method: Gann Square of 9 (Price Capacity & Time Alignment)
This post shares a historical intraday observation showing how price interacted with a normal Square of 9 capacity level, leading to a temporary reaction when time and price aligned.
📊 Market Context & Reference Selection
🔢 Square of 9 Level Mapping
⏱️ Observed Price–Time Behavior
📘 Educational Takeaways
📌 Shared strictly for educational and historical chart-study purposes.
#AxisBank #GannSquareOf9 #WDGann #IntradayAnalysis #MarketEducation #PriceTime #TechnicalAnalysis
This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice.
Symbol: AXISBANK (NSE)
Date Observed: 11 March 2024
Time Frame: 15-Minute Chart
Method: Gann Square of 9 (Price Capacity & Time Alignment)
This post shares a historical intraday observation showing how price interacted with a normal Square of 9 capacity level, leading to a temporary reaction when time and price aligned.
📊 Market Context & Reference Selection
- Axis Bank displayed upward momentum after the completion of the first 15-minute candle.
- In such market conditions, the low of the first 15-minute candle (~1104) was treated as the 0-degree reference level, following Gann methodology.
- This reference point was used to study the session’s expected price expansion.
- Correct identification of the reference level is critical for objective Square of 9 analysis.
🔢 Square of 9 Level Mapping
- Based on the selected reference:
- 0 Degree: ~1104
- 45 Degree (Observed Normal Capacity): ~1121
- The 45-degree level often represents the normal intraday movement range under regular market conditions.
⏱️ Observed Price–Time Behavior
- Price approached the 45-degree level well before the later part of the trading session.
- Early completion of normal price capacity has historically been associated with short-term trend fatigue.
- After interacting with this zone, price showed temporary selling pressure and moved lower.
- A minor variation around the calculated level was observed, which is common in live market conditions.
- This aligns with a widely observed Gann concept:
- When expected price capacity is completed early in time, the probability of a reaction may increase.
📘 Educational Takeaways
- Square of 9 helps define logical intraday price limits
- Early capacity completion can indicate temporary exhaustion
- Time plays a supporting role in validating price-degree levels
- Small price deviations are normal and should be viewed structurally
- The method promotes rule-based observation over prediction
📌 Shared strictly for educational and historical chart-study purposes.
#AxisBank #GannSquareOf9 #WDGann #IntradayAnalysis #MarketEducation #PriceTime #TechnicalAnalysis
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.