UNITED SPIRITS | Gann Square of 9 – 45° Reaction | 28 Mar 2022United Spirits LimitedNSE_DLY:UNITDSPRWD_Gann_TheoryThis is a historical intraday case study explaining how the Gann Square of 9 helps identify measured reaction zones using price geometry and time discipline. On 28 March 2022, United Spirits Ltd (McDowell’s) opened with upward momentum. The intraday high near ₹891.80 was considered the 0° reference point as per the Gann Square of 9 method. 📐 Gann Degree Structure 0° (Reference Level): ₹891.80 45° (Normal Reaction Zone): ₹876 90° (Extended Move Zone): ₹861 ⏱️ Price–Time Observation Price moved lower from the 0° reference and completed the 45° distance well before 2:30 PM. At this level, the market responded with a clear upward reaction, showing respect for the Gann geometric boundary. According to classical Gann intraday studies: 45° levels act as equilibrium zones Reactions at these levels often occur when price and time align harmonically 🧠 Key Learning This case demonstrates that: Market moves often remain contained within calculated degree ranges Reversals emerge from mathematical structure, not randomness Discipline comes from observing reaction, not prediction 📌 Conclusion The Gann Square of 9 provides traders with a logical framework to analyze intraday price behavior, allowing structured decisions instead of emotional interpretation. Disclaimer: This idea is shared for educational and analytical purposes only. It does not constitute trading or investment advice.