BANKNIFTY – Key Levels Setup | Breakout or Breakdown ScenarioAccording to the price action observed at session start ,
• Key Levels:
Resistance: 55,835
Support: 55,670
• Breakout Scenario:
If price breaks and sustains above 55,835 :
TP1 (1:1): 56,000
TP2 (1:2): 56,165
TP3 (1:3): 56,330
• Breakdown Scenario:
If price breaks and sustains below 55,670 :
TP1 (1:1): 55,505
TP2 (1:2): 55,340
TP3 (1:3): 55,175
"Stay neutral, stay ready. Let the chart pick the direction."
Information and analysis provided is for educational purposes only.
交易結束：目標達成
🏦 BANKNIFTY – Intraday Summary | 03 June 2025[img]
🔍 Pre-Market Setup:
BANKNIFTY was consolidating between resistance at 55,835 and support at 55,670 at session start. The setup indicated a coiling range, suggesting a strong directional move upon breakout or breakdown.
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📈 Breakout Scenario (Triggered First):
Break Above: 55,835
Target Achieved: ✅ TP1 – 56,000
In the first half, BANKNIFTY broke out above the resistance and achieved TP1, showing strength and bullish intent initially.
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📉 Breakdown Scenario (Triggered Later):
Break Below: 55,670
Target Achieved: ✅ TP1 – 55,505
In the second half, the index reversed, breaking down below the key support level and also achieved TP1 on the downside.
This dual-move action highlighted volatility and indecision, but eventually the bears took over.
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📌 Summary Notes:
BANKNIFTY triggered both breakout and breakdown setups within the same trading session.
Both TP1 targets (upside & downside) were successfully achieved.
Despite initial bullish momentum, the index closed the session in red, signaling bearish dominance by end of day.
📉 Close Price: 55,540.00
🔴 Market Bias Today: Bearish (Volatile Intraday with a bearish close)
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