Axis Bank | Gann Square of 9 Intraday Case Study | 28 Jun 2023This chart demonstrates a pure intraday application of Gann Square of 9 using price–degree structure.
On 28 June 2023, Axis Bank showed upward continuation after the second 15-minute candle.
The lowest price of that structure (967) was taken as the 0-degree (0°) reference point, in line with classical Gann methodology.
Using Square of 9 calculations, the 45-degree level was projected at:
45° → 983
This level represents the normal intraday upside capacity of price.
By 2:15 PM, Axis Bank reached the 45-degree level, slightly ahead of the ideal 2:30 PM timing window.
As per Gann rules, early completion of price capacity often leads to reaction or reversal.
Price reacted precisely from the 983 zone, confirming the price–degree balance and providing a clear intraday reaction area.
🔍 Key Observations
Square of 9 defines measured price capacity
Time plays a confirming role, not a prediction
Early arrival at capacity increases reaction probability
Focus remains on structure, not signals
📌 Key Gann Levels
0° → 967
45° → 983
Disclaimer:
This analysis is shared for educational purposes only and does not constitute trading or investment advice.
