Axis Bank | Gann Angle Intraday Case Study | 03 Oct 2022Axis Bank LimitedNSE_DLY:AXISBANKWD_Gann_TheoryThis idea presents a historical intraday study using WD Gann’s price–degree (angle) concept to identify normal price capacity and reaction zones. On 03 October 2022, Axis Bank opened with upward momentum. The intraday low near ₹726 was selected as the 0-degree (0°) reference point, following classical Gann methodology. Using the Gann Angle projection, the next important degree level was calculated as: 45° → ₹740 Price reached this 45-degree level very early in the session, completing its normal intraday price capacity well before the 2:30 PM time threshold. According to Gann’s price–time balance principle, early completion of a degree move often indicates temporary exhaustion. From this zone, Axis Bank reacted precisely and moved lower, validating the 45° level as a short-term reaction area. This case demonstrates how degree-based price projections help traders define logical reaction zones in advance, instead of relying on indicators or emotional decision-making. 📌 Key Gann Angle Levels 0° → 726 45° → 740 📘 Educational Notes Gann Angles measure price capacity Time confirms strength or exhaustion Early degree completion increases reaction probability Geometry offers structure over guesswork Disclaimer: This analysis is shared for educational and chart-study purposes only. It is not a recommendation to buy or sell any security.