Axis Bank | Gann Angle Intraday Case Study | 23 Mar 2023Axis Bank LimitedNSE_DLY:AXISBANKWD_Gann_TheoryThis idea demonstrates the Gann Angle (price–degree) method for identifying normal intraday price capacity and potential reversal zones using market geometry. On 23 March 2023, Axis Bank opened with upward momentum. The initial intraday low near ₹845 was selected as the 0-degree (0°) reference point, following standard Gann angle principles. Using the Gann Angle projection, the 45-degree level was calculated at: 45° → ₹860 Price reached this 45-degree level around 10:30 AM, completing its normal intraday price capacity well before the 2:30 PM timing window. As per Gann’s price–time relationship, early completion of a degree level often signals temporary exhaustion. From this zone, Axis Bank reacted precisely and moved lower, offering a logical intraday downside move. This case highlights how price–angle analysis can help traders anticipate reaction zones in advance, instead of responding emotionally to market fluctuations. 📌 Key Gann Angle Levels 0° → 845 45° → 860 🔍 Educational Insights Gann Angles define price capacity Time confirms strength or exhaustion Early degree completion increases reversal probability Structure > indicators Disclaimer: This chart is shared for educational and analytical purposes only and does not constitute trading or investment advice.