Axis Bank | Gann Square of 9 – Intraday Price Capacity Disclaimer:
This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice.
Symbol: AXISBANK (NSE)
Date Observed: 21 April 2023
Time Frame: 15-Minute Chart
Study Applied: Gann Square of 9 (Normal Price Capacity)
This idea shares a historical intraday observation where Axis Bank interacted with a calculated downside price capacity level using the Gann Square of 9 framework.
📊 Market Context & Reference Selection
During the session, Axis Bank showed early downside momentum.
In a declining structure, the high of the initiating candle (~873.85) was treated as the 0-degree reference, following standard Gann methodology.
From this base, the Square of 9 was applied to observe the stock’s normal intraday downside expansion.
The focus is on studying price behavior at calculated levels rather than predicting outcomes.
🔢 Square of 9 Levels Observed
Using the Square of 9 approach:
0 Degree: ~873.85
45 Degree (Observed Normal Downside Capacity): ~858
The 45-degree level is commonly monitored as a potential reaction zone, especially when reached before later-session time thresholds.
⏱️ Observed Price–Time Interaction
Price reached the 45-degree zone (~858) around 1:00 PM.
This occurred before commonly observed intraday timing benchmarks.
Near this level, the market showed temporary buying interest and stabilization.
Following this interaction, price moved higher during the remaining session.
Such behavior has been historically observed when normal downside capacity is completed earlier in the trading day, although outcomes can vary.
📘 Educational Observations
The Gann Square of 9 helps measure probable price expansion limits
Early completion of price capacity can lead to short-term reactions
Time alignment provides additional context to price movement
The framework emphasizes discipline and structured analysis
Market behavior should always be observed objectively without certainty bias
This post is shared strictly as a historical chart study for educational purposes.
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