ICICI Bank | Gann Square of 9 Intraday Case Study | 06 Apr 2023This chart presents a classical WD Gann Square of 9 intraday setup, where price completed its normal capacity early in time, leading to a high-probability reversal.
On 06 April 2023, ICICI Bank started gaining upside momentum from the third 15-minute candle.
The intraday low at ₹875 was selected as the 0-degree (0°) reference point, following standard Gann methodology.
Using the Gann Square of 9, the stock’s normal intraday upside level was projected at:
45° → ₹890
Price reached the 45-degree level around 11:15 AM, which is significantly earlier than the ideal Gann time window near 2:30 PM.
As per Gann’s time–price relationship, early completion of a degree level often indicates temporary exhaustion.
The stock reacted precisely from this zone and reversed lower, offering clear intraday downside movement.
This case highlights how price geometry combined with time analysis helps traders identify logical reaction zones, rather than depending on indicators or assumptions.
📌 Key Gann Levels
0° → 875
45° → 890
🔍 Learning Points
Square of 9 defines price capacity
Time determines when that capacity becomes effective
Early completion = higher probability of reaction
Structure > indicators
Disclaimer:
This idea is shared for educational and analytical purposes only. It is not a trading or investment recommendation.
