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: 06 April 2023
Time Frame: 15-Minute Chart
Concept Studied: Gann Square of 9 (Price–Degree Analysis)
This idea highlights an intraday observation of Axis Bank using the Gann Square of 9 framework to study how price behaved near calculated degree levels and how time and price alignment influenced market structure.
📊 Reference Point and Calculated Levels
⏱️ Intraday Price Behavior and Reaction As the session progressed:
📘 Educational Observations
This example demonstrates how Gann-based price-degree analysis can be used to study intraday market structure in an objective and rule-based manner.
#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: 06 April 2023
Time Frame: 15-Minute Chart
Concept Studied: Gann Square of 9 (Price–Degree Analysis)
This idea highlights an intraday observation of Axis Bank using the Gann Square of 9 framework to study how price behaved near calculated degree levels and how time and price alignment influenced market structure.
📊 Reference Point and Calculated Levels
- During this session, Axis Bank initiated a downward move from a level near 863, which was treated as the 0-degree reference point for analysis.
- Using Square of 9 conversion, the following level was observed:
- 0 Degree: ~863
- 45 Degree: ~848
- These calculated levels represent structured zones where the market may show pause, consolidation, or temporary shift in direction based on historical price behavior.
⏱️ Intraday Price Behavior and Reaction As the session progressed:
- Price gradually moved downward toward the calculated 45-degree zone
- Around 14:15, the market reached a low near 849, which was very close to the observed 45-degree level
- Near this zone, price showed temporary stabilization and upward movement
- The upward move continued modestly, reflecting a limited intraday recovery
- Such reactions near calculated degree levels are commonly observed and may indicate areas where price temporarily balances before the next move develops.
📘 Educational Observations
- Gann Square of 9 helps define measured price zones for structured observation
- These levels should be viewed as potential reaction zones, not guaranteed reversal points
- Minor variation around calculated levels is part of normal market behavior
- Time of arrival at a degree level may influence how price responds afterward
- Not all reactions lead to large moves, which highlights the importance of disciplined observation
This example demonstrates how Gann-based price-degree analysis can be used to study intraday market structure in an objective and rule-based manner.
#AxisBank #WDGann #GannSquareOf9 #IntradayObservation #TechnicalEducation #PriceTimeAnalysis #MarketStructure
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.