Case Study: Price Reaction at a 45° Level (Axis Bank – 8 Nov 2024)
This post presents a simple case study on how geometric levels, particularly the 45° projection, can influence intraday price behaviour.
On 8 November 2024, Axis Bank approached a projected level based on a 45° calculation derived from the Square-of-9 method.
The key projection came near 1168, and the market showed a clear rejection from that zone during the afternoon session.
What This Case Demonstrates
• Start from the intraday low to determine the 0° base
• Track the instrument’s normal movement capacity along the 45° path
• Observe time sensitivity—reactions often happen near time windows
• A rejection at a geometric level can act as a technical confirmation for intraday setups
This example highlights how combining structure, geometry, and time can help traders add clarity to intraday decision-making.
Note
This post is for educational discussion of chart behaviour. It is not advice or a trade signal.
This post presents a simple case study on how geometric levels, particularly the 45° projection, can influence intraday price behaviour.
On 8 November 2024, Axis Bank approached a projected level based on a 45° calculation derived from the Square-of-9 method.
The key projection came near 1168, and the market showed a clear rejection from that zone during the afternoon session.
What This Case Demonstrates
• Start from the intraday low to determine the 0° base
• Track the instrument’s normal movement capacity along the 45° path
• Observe time sensitivity—reactions often happen near time windows
• A rejection at a geometric level can act as a technical confirmation for intraday setups
This example highlights how combining structure, geometry, and time can help traders add clarity to intraday decision-making.
Note
This post is for educational discussion of chart behaviour. It is not advice or a trade signal.
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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.