Axis Bank | Gann Square of 9 Intraday Observation | 12/03/2022Disclaimer:
This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice.
Symbol: AXISBANK (NSE)
Date Observed: 12 March 2024
Time Frame: 15-Minute Chart
Method: Gann Square of 9 (Price Capacity & Time Study)
This post documents a historical intraday observation based on the Gann Square of 9, focusing on how early completion of price capacity can coincide with temporary market pressure.
📊 Market Structure & Reference Selection
Axis Bank opened with upward momentum during the first 15-minute candle.
In such conditions, the low of the opening candle (~1100) was treated as the 0-degree reference level, following Gann methodology.
This level served as the base point for measuring the session’s upward price capacity.
Accurate identification of the reference point is essential for reliable Square of 9 observations.
🔢 Square of 9 Level Mapping
Based on the selected reference:
0 Degree: ~1100
45 Degree (Observed Normal Capacity): ~1117
The 45-degree level often reflects the normal intraday price expansion range under regular conditions.
⏱️ Price–Time Behavior (Observed)
Price interacted with the 45-degree level early in the session (around 9:30 AM).
Completion of normal price capacity well before the later part of the trading day has historically been associated with short-term exhaustion.
After reaching this zone, the market showed temporary selling pressure and downside expansion.
This aligns with a commonly observed Gann principle:
When expected price capacity is completed early in time, the probability of a reaction may increase.
📘 Educational Takeaways
Gann Square of 9 helps define intraday price limits in advance
Early completion of price capacity can signal temporary trend fatigue
Time alignment strengthens interpretation of price-degree levels
The method encourages structured observation over prediction
Focus remains on process, not precision
📌 Shared strictly for educational and historical chart-study purposes.
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