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Axis Bank | Studying Support & Resistance with Gann Square of 9Axis Bank | Studying Support & Resistance with Gann Square of 9 (Educational Example) | 11 Apr 2022 Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice. Axis Bank | Observing Support & Resistance Using Gann Square of 9 This chart study explores how the Gann Square of 9 can be used to calculate structured price levels that may act as potential reaction zones on the chart. The example uses historical intraday data from Axis Bank Ltd. dated 11 April 2022. Price levels were converted into degree values using the Gann Square of 9 method to observe how the market behaved around these calculated zones. The purpose of this case study is to demonstrate how traders analyse price movement relative to predefined degree levels rather than relying on prediction. Pre-Calculated Gann Levels (Upside Reference) Using the Gann Square of 9 conversion: 0 Degree: ₹786.05 45 Degree: ₹800.13 90 Degree: ₹814.34 These levels represent structured zones where price may sometimes show temporary pressure or hesitation depending on the broader market environment. Observed Behaviour (Upside) During the session, Axis Bank moved upward from the reference area near ₹786.05. While monitoring price behaviour: • The market showed upward movement from the base level • However, price did not reach the calculated 45-degree zone near ₹800.13 • Movement remained within intermediate ranges without interacting with the next projected level This type of behaviour sometimes indicates limited momentum within the calculated degree structure. Pre-Calculated Gann Levels (Downside Reference) Downside reference levels for the same session were: 0 Degree: ₹794.25 45 Degree: ₹780.00 90 Degree: ₹766.00 These levels provide additional reference zones where the market may display reaction or balance. Observed Behaviour (Downside) Later during the session, price moved downward from the reference zone near ₹794.25. While analysing this movement: • The market moved lower from the reference area • However, price again did not approach the next calculated level near ₹780 (45°) • Price remained within the degree boundaries without completing the expected distance This type of range behaviour can occur when the market temporarily stabilises between calculated levels. Understanding Degree-Based Support & Resistance In Gann methodology, price levels are converted into geometric degrees to observe how markets interact with structured zones. When price approaches these levels: • Market momentum may slow down • Temporary pressure or hesitation can appear • Price behaviour around the zone becomes important for structural analysis However, markets do not always reach projected levels during every session. Time Observation in This Case Some traders also observe the relationship between price movement and intraday time progression. In this example: • The market remained within calculated degree boundaries throughout the session • Neither the upside nor downside 45-degree levels were approached during the observed timeframe • Price behaviour therefore remained range-bound within the projected structure Such sessions are useful when studying how markets behave between predefined levels. Educational Insights from This Example This case highlights several learning points for traders studying Gann methodology: • Gann Square of 9 converts price into structured degree relationships • Degree levels can highlight potential reaction zones • Not every session results in interaction with projected levels • Markets may remain range-bound between calculated zones • Structured analysis helps traders observe price behaviour more objectively Why Studying Degree Boundaries Is Useful Understanding these structured zones can help traders: • Observe price behaviour around mathematical reference levels • Study how markets react to calculated support and resistance zones • Recognise range-bound market environments • Improve patience and discipline when analysing charts These observations are useful for learning how price interacts with degree-based market structure. This chart study is shared purely for educational purposes using historical market data.
NSE:AXISBANKEducation
by suratwalayash
Axis Bank | Major Gann Levels and Degree Completion StudyEducational Analysis (31 Mar 2022) Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice. Axis Bank | Understanding Major Gann Levels Educational Case Study based on Gann Degree Analysis This educational study explains how major Gann degree levels can help traders observe structured market behaviour and identify whether valid degree completion occurs. WD Gann’s methodology focuses on the relationship between price movement and predefined degree levels, which may act as potential reaction zones. For this session, both upside and downside degree levels were calculated in advance using price-to-degree conversion tools and plotted before market movement. This helps maintain an objective and rule-based analytical approach. Pre-Calculated Gann Degree Reference Levels Upside Reference Levels 0 Degree: ₹751 45 Degree: ₹765 90 Degree: ₹779 135 Degree: ₹793 180 Degree: ₹807 Downside Reference Levels 0 Degree: ₹761 45 Degree: ₹747 90 Degree: ₹734 135 Degree: ₹720 180 Degree: ₹707 These levels were used as structured reference zones to observe price behaviour during intraday movement. Observed Price Behaviour and Degree Interaction Downside Observation Price initially moved downward from the reference zone near ₹761. Based on Gann methodology, completion of a 45-degree distance is often observed before meaningful structural reaction zones develop. In this case, price did not reach the 45-degree level at ₹747. The market showed temporary stabilization before completing the projected degree movement. This reflected incomplete degree progression and absence of a structured reaction at the expected level. Upside Observation After Recovery Following a rebound near ₹751, this level was observed as a revised reference point for further degree evaluation. From this reference: • The upside 45-degree level was ₹765 • Price moved upward but did not reach this level • Market activity showed temporary pressure without completing the full degree distance This indicated that the projected degree relationship remained incomplete. Educational Insight Based on Gann Methodology WD Gann analysis focuses on observing how price interacts with mathematically derived degree relationships. Based on historical observation: • Degree levels may act as potential reaction zones • Completion of degree distance helps establish structured market behaviour • Incomplete degree movement may indicate consolidation or neutral structure • Re-establishing reference levels helps in studying evolving market conditions This case demonstrates how markets may remain within a defined range when projected degree levels are not reached. Key Educational Takeaways • Major Gann levels help define structured observation zones • Not every session produces complete degree movement • Degree completion helps validate structured behaviour • Absence of degree completion may reflect neutral or range-bound conditions • Structured analysis supports disciplined and objective market study This example highlights how Gann degree analysis can be used to understand market structure from an educational perspective. This analysis is shared purely for educational purposes to demonstrate the practical application of Gann degree methodology using historical market data.
NSE:AXISBANKEducation
by suratwalayash
Axis Bank | Gann Square of 9 Intraday Observation | 11/03/ 2024Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered advisor. This is not financial advice. Symbol: AXISBANK (NSE) Date Observed: 11 March 2024 Time Frame: 15-Minute Chart Method: Gann Square of 9 (Price Capacity & Time Alignment) This post shares a historical intraday observation showing how price interacted with a normal Square of 9 capacity level, leading to a temporary reaction when time and price aligned. 📊 Market Context & Reference Selection Axis Bank displayed upward momentum after the completion of the first 15-minute candle. In such market conditions, the low of the first 15-minute candle (~1104) was treated as the 0-degree reference level, following Gann methodology. This reference point was used to study the session’s expected price expansion. Correct identification of the reference level is critical for objective Square of 9 analysis. 🔢 Square of 9 Level Mapping Based on the selected reference: 0 Degree: ~1104 45 Degree (Observed Normal Capacity): ~1121 The 45-degree level often represents the normal intraday movement range under regular market conditions. ⏱️ Observed Price–Time Behavior Price approached the 45-degree level well before the later part of the trading session. Early completion of normal price capacity has historically been associated with short-term trend fatigue. After interacting with this zone, price showed temporary selling pressure and moved lower. A minor variation around the calculated level was observed, which is common in live market conditions. This aligns with a widely observed Gann concept: When expected price capacity is completed early in time, the probability of a reaction may increase. 📘 Educational Takeaways Square of 9 helps define logical intraday price limits Early capacity completion can indicate temporary exhaustion Time plays a supporting role in validating price-degree levels Small price deviations are normal and should be viewed structurally The method promotes rule-based observation over prediction 📌 Shared strictly for educational and historical chart-study purposes. #AxisBank #GannSquareOf9 #WDGann #IntradayAnalysis #MarketEducation #PriceTime #TechnicalAnalysis
NSE:AXISBANK
by suratwalayash
7th Dec ’23 - Should I change my Nifty stance to neutral?Nifty Today’s Analysis Recap from yesterday: “As an analyst, it is very difficult to predict when the trend will end, but we need to keep looking. For tomorrow, I prefer to continue with the long bias unless we give up the 20853 in the morning session.” 4mts chart link - click here The opening candle was explosive, in line opening with a strong fall. See the depth in RED - you will understand from the chart. I was eagerly waiting for it to cross that 20850 level today but that did not happen. Let us try to analyze why we had such a bold opening candle move. Both BankNifty and NiftyIT had a similar opening, so it was not an isolated issue. Some players might have sold off their winners to go light into tomorrow’s RBI meet or it could be a long unwinding out of fear that the markets will fall today due to the US market handout. From there Nifty climbed back to the 20920 level by 11.03 and then the trade was in a small range till the close. From 14.31 to 14.59. At 13.19, 20850 PE was trading at Rs1.95 when the spot was at 20911 - for me, it appeared damn cheap. Nifty made one more attempt - but it went nowhere. 63mts chart link - click here The last 4 candles of today had perfect “open = close” values. 3 of them were perfect Dojis - look up the textbook for Doji candles, maybe the example quoted there won't match with the real ones of today. Tomorrow’s RBI’s meet @ 10.00 AM is going to be a decider - no level of technical analysis can predict when there is a news flow expected. I wish to maintain my long stance as of now although it's itching to go neutral.
NSE:NIFTYLong
by viswaram
16th Nov ’23 Nifty Postmortem - Almost breaks 19776 resistanceNifty Weekly Expiry Analysis Between the last expiry and today, Nifty50 has gained 359pts ~ 1.85% and broken 2 important resistance levels. We almost took out the 19776 resistance today but for a strong red candle @ 14.15. Nifty Today Analysis Recap from yesterday: “On the 1hr chart, the next target to break will be 19776 which is just 100pts away. Something that is easily possible if SPX holds its ground today. Since most of the market participants are long-only, any upsurge will sweep in more market participants.” Nifty opened inline and then was steaming ahead, As we discussed yesterday it took out the 19776 with so much ease. The 3 5mts candles between 11.00 to 11.10 showed how the momentum picked up right before the resistance zone which kind of indicated that the rally was not going to slow down. By 13.55 we picked up more pace, quite visible by the FII participation on the BUY side. We hit an intraday high of 19875 by 14.45 and then something unplanned happened. We dropped 153pts in the 25 minutes, we will explain that in detail during the BankNifty Analysis below. On the 1hr chart, we closed slightly below 19776, the 14.15 hourly candle is well-lit like a beacon. I am still continuing my bullish stance in the hopes that 19776 will get taken out during the forenoon session tomorrow. If not, I will be changing my stance to neutral and will update it via tradingview minds.
NSE:NIFTYLong
by viswaram
13 Sep ’23 Post Mortem on Nifty - Cautiously BullishNifty Analysis Recap from yesterday: “I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow — I wish to go short (bearish).” . I did not get into any new long position in Nifty, in fact I rolled up the PE to 19900 from 19800. The rally momentum is not lost, its just that we had a blip yesterday. Seems like Moneycontrol got the reason for the huge cut on Midcaps and Small caps yesterday - Talk of basket selling by European financial services firm fuels meltdown in mid, small-caps Nifty50 rallied 0.7% ~ 139pts vs Midcap +0.12% & SmallCap +1.02%. Has some money rotated and re-entered the large caps? The reason I did not go long today - The swing high of 20110 still not taken out. Meanwhile its still a win for the bulls as the final close is above 20000 levels. On the 1hr chart Nifty50 is looking all the more positive and raring to go. I too wish to go long with downside protection via PUTS. The swings in options prices were crazy and the volume of put writing was intense suggesting more traders are betting on the bullish side. I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.
NSE:NIFTYLong
by viswaram
12 Jul '23 Post Mortem on Nifty | Will the bulls be We had 2 downward selling momentum, the first one mainly due to the gap up opening - which saw a loss of 106pts by 12.00 and then the 2nd one between 14.40 to close which erased 99pts. Technically Nifty has fallen only 55pts today, the gap-up messed up the numbers. So we had a dip below the yesterday's swing low and retraced all the way to the close of 10th July. The 19504 level is proving to be quite a resistance, rightly so because its the ATH levels. To break free Nifty needs more momentum & the only way to do that is reverse from a sharp fall. Well it made a try on 11th but failed. The 1hr TF has still not turned bearish, for that to happen we should fall below 19301 within the opening hour tomorrow or close the day below 19338. There will be 3 things to watch out tomorrow. 1. India's MoM CPI comes in higher at 4.81% 2. US CPI comes in lower at 3.0% 3. HDFC gets delisted on 13th July Trades Taken & Rationale I was quite surprised to see the gap up open today and the 19300/19400 CE bullish debit spread was trading profitably. I almost had complete belief that N50 will not fall that much. Even when we hit an intraday low by 12.03 my position was deep in losses & did not square off. You wont believe I got panicked by seeing the 13.35 candle, somehow it did not feel right & eventually I closed the position at loss by around 13.42. The prices were 19300 @149.7 & 19400 @72.25. By around 13.50 I started feeling guilty to have over reacted and thought of entering into another bullish spread in the 20th July series. But seeing the 15.00 and 15.05 candles, my guilt turned into relief. Had I held onto those trades the losses would have been 3 times more.
NSE:NIFTY
by viswaram
Nifty Trading Plan for Expiry Nifty End Of Day Analysis for Trading on 04 May Trading Support and Resistance levels for Nifty Resistance Level R3 -18286-98 R2 -18120-31 R1-18064-74 Support Levels S1-18006-15 S2-17940-50 S3-17820-30 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 0.81 ( Bearish ) Max Pain As per Option Chain Analysis -18050 Major Resistance as Per Nifty Open Interest Analysis - 18200 Major Support as Per Nifty Open Interest Analysis -18000
NSE:NIFTY
by manojshinde27
NIFTY 50 : PREDICTION FOR 23.02.2023Movement be like , Pending selling orders , followed by Buyers rigorous action in the supply zone , then followed by Profit Booking , and concluded with buyers action in supply zone again. Prediction is marked on the chart. Please ensure Hammer or Engulfing pattern candle before you enter the trade. Buy above 17600, only when at least 5 minute candle is closed above the box . Target 17650 SL : 17530 Sell Below : 17530 Targets : 17440 , 17350 SL : 17600 Good Luck !!!
NSE:NIFTYLong
by chakraveer1104