Apollo Tyres | Gann Square of 9 Intraday Case Study | 28 Apr 202

This chart demonstrates a classic Gann Square of 9 intraday application, where price reached its normal capacity early in time, leading to a logical reversal.

On 28 April 2023, Apollo Tyres opened with strong upward momentum.

The low of the first 15-minute candle (₹342) was selected as the 0-degree (0°) reference point, following standard WD Gann methodology.

Using the Gann Square of 9, the stock’s normal intraday upside capacity was projected at:
45° → ₹351


Price reached the 45-degree level around 12:00 PM, which is well before the ideal Gann timing window near 2:30 PM.

According to Gann’s time–price relationship, early completion of a degree level increases the probability of exhaustion.

The market reacted immediately from this zone and moved lower, offering clear and logical intraday selling opportunities.
This example highlights how price geometry combined with time analysis helps traders identify high-probability reaction zones, rather than relying on guesswork.

📌 Key Gann Levels
0° → 342
45° → 351


🔍 Key Takeaways

• Square of 9 defines price capacity
• Time defines when that capacity matters
• Early degree completion often signals exhaustion
• Geometry + time = structured intraday decisions

Disclaimer:
This idea is shared strictly for educational and analytical purposes. It does not constitute investment or trading advice.