BANKNIFTY Intraday 03 JUN | Breakout or Breakdown Scenario

3 июн.

BANKNIFTY – Key Levels Setup | Breakout or Breakdown Scenario

According to the price action observed at session start , BANKNIFTY is currently consolidating between the resistance at 55,835 and the support at 55,670 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• 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.

3 июн.

Сделка закрыта: достигнута тейк-профит цена

🏦 BANKNIFTY – Intraday Summary | 03 June 2025
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🔍 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)