Axis Bank | Gann Square of 9 Failure Case Study | 10 Jul 2023Axis Bank LimitedNSE_DLY:AXISBANKWD_Gann_TheoryThis chart highlights an important learning example of the Gann Square of 9 — where price alignment occurred, but time confirmation failed. On 10 July 2023, Axis Bank started a downside move. The day’s high at 986 was selected as the 0-degree (0°) reference point, following standard Gann price–angle methodology. Using the Square of 9, the following intraday levels were projected: 45° → 970 90° → 955 The stock reached the 45-degree level (970) around 1:00 PM, which is earlier than the ideal Gann timing window (around 2:30 PM). While a short-term reaction is often expected near the 45° level, price failed to hold and continued lower, eventually trading near 965, moving toward the next degree zone. This case reinforces a critical Gann principle: Price alone is not sufficient — time confirmation is equally important. Studying such failure structures improves discipline, expectation management, and probabilistic thinking in intraday trading. 🔍 Key Learning Points Square of 9 defines price structure Time determines probability Early achievement of a degree level does not guarantee reversal Failure cases are essential for refining execution rules 📌 Key Gann Levels 0° → 986 45° → 970 90° → 955 Disclaimer: This idea is shared strictly for educational and analytical purposes. It does not constitute trading or investment advice.