Axis Bank | Gann Square of 9 Intraday Case Study | 11 Mar 2024

This chart presents an intraday price-reaction study in Axis Bank using the Gann Square of 9.

After the first 15-minute candle showed upward momentum, the low of that candle (1104) was used as the 0-degree reference, following classical WD Gann price-angle principles.

Using Square of 9 calculations, the 45-degree level was projected at:
45° → 1121

Price moved into the 45-degree zone before the later part of the session, indicating completion of its normal intraday upside capacity.

As per Gann methodology, when price reaches a calculated angle earlier than expected, the market often responds with a temporary price reaction.

Axis Bank reacted from the 1120–1121 zone, respecting the projected level within a normal intraday margin.

🔍 Key Observations

• First 15-minute structure defines the degree base
• Square of 9 provides objective intraday price levels
• Early arrival at angle levels highlights price exhaustion
• Focus is on reaction zones, not trade recommendations

📌 Key Gann Levels
0° → 1104
45° → 1121

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