Axis Bank | Gann Square of 9 – 45° Reaction Zone | 12 Apr 2022

AXIS BANK FUTURES BSE_DLY:AXIS1!

WD_Gann_Theory

This idea highlights a historical intraday case study on Axis Bank Ltd, demonstrating how Gann Square of 9 price-degree mapping helps identify logical reaction zones.
On 12 April 2022, Axis Bank showed a textbook example of degree-based price behavior using Gann’s geometric framework.

📈 Price–Degree Structure

• 0° reference: ₹777.80
  
• 45° projection: ₹791.81
  
• 90° projection: ₹805.94
  

Price advanced from the 0° base and completed the 45° distance well within the intraday time window.

⏱️ Gann Time Principle
As per Gann’s intraday methodology:
When 45° is reached before 2:30 PM, it often acts as a reaction or resistance zone


In this session, price touched the 45° level and showed a clear reaction, validating the relevance of degree-based price geometry.

📐 Key Observation
Although price later moved toward the 90° level, it remained confined between the 45°–90° range, illustrating how Gann degrees often act as natural market boundaries rather than arbitrary levels.

🧠 Conclusion
This case demonstrates how converting price into degrees using the Gann Square of 9 allows traders to:
Anticipate logical reaction zones
Avoid emotional decision-making
Understand structure instead of chasing momentum


Disclaimer:
This idea is shared strictly for educational and analytical purposes only. It does not constitute any investment advice or trade recommendation.


source https://www.tradingview.com/chart/AXIS1!/wMwLreUN-Axis-Bank-Gann-Square-of-9-45-Reaction-Zone-12-Apr-2022/