This idea highlights a historical intraday example demonstrating how the Gann Square of 9 helps identify price exhaustion and reaction zones using geometric price levels.
On 28 March 2022, Lupin Ltd opened with a strong bullish tone. The initial intraday low near ₹752.55 was treated as the 0° reference point as per the Gann Square of 9 framework.
📐 Gann Degree Levels
0° (Base Level): ₹752.55
45° (Normal Intraday Capacity): ₹766
90° (Exceptional Move Zone): ₹780
⏱️ Price–Time Observation
During the session, price reached the 45° level (₹766) quickly and reacted precisely from that zone, followed by a clear downside movement.
As per classical Gann intraday observations:
45° reactions often act as temporary resistance when achieved early in the session
Such levels frequently produce measured pullbacks rather than continuation
🧠 Key Learning
This case study shows that:
Gann degree levels define logical intraday limits
Reactions occur at measured price points
Geometry brings structure to intraday volatility
📌 Conclusion
The Gann Square of 9 helps traders evaluate whether a move is normal or stretched. When price reacts from 45°, it signals temporary exhaustion, allowing traders to observe market behavior with clarity and discipline.
Disclaimer:
This chart is shared for educational and analytical purposes only. It is not a trading recommendation or investment advice.
On 28 March 2022, Lupin Ltd opened with a strong bullish tone. The initial intraday low near ₹752.55 was treated as the 0° reference point as per the Gann Square of 9 framework.
📐 Gann Degree Levels
0° (Base Level): ₹752.55
45° (Normal Intraday Capacity): ₹766
90° (Exceptional Move Zone): ₹780
⏱️ Price–Time Observation
During the session, price reached the 45° level (₹766) quickly and reacted precisely from that zone, followed by a clear downside movement.
As per classical Gann intraday observations:
45° reactions often act as temporary resistance when achieved early in the session
Such levels frequently produce measured pullbacks rather than continuation
🧠 Key Learning
This case study shows that:
Gann degree levels define logical intraday limits
Reactions occur at measured price points
Geometry brings structure to intraday volatility
📌 Conclusion
The Gann Square of 9 helps traders evaluate whether a move is normal or stretched. When price reacts from 45°, it signals temporary exhaustion, allowing traders to observe market behavior with clarity and discipline.
Disclaimer:
This chart is shared for educational and analytical purposes only. It is not a trading recommendation or investment advice.
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.
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.