BANKNIFTY Intraday 08 JUN | Breakout or Breakdown Scenario

9 มิ.ย.

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 56,829 and the support at 56,777 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 56,829
Support: 56,777


• Breakout Scenario:
If price breaks and sustains above 56,829 :
TP1 (1:1): 56,881
TP2 (1:2): 56,933
TP3 (1:3): 56,985

• Breakdown Scenario:
If price breaks and sustains below 56,777 :
TP1 (1:1): 56,725
TP2 (1:2): 56,673
TP3 (1:3): 56,621

"Stay neutral, stay ready. Let the chart pick the direction."

Information and analysis provided is for educational purposes only.

9 มิ.ย.

ปิดการเทรด ด้วยตนเอง

📊 BANK NIFTY Intraday Summary – 09 JUN 2025

Breakout or Breakdown Scenario Review
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Opening Outlook:
At the start of the session, Bank Nifty was seen consolidating between the resistance at 56,829 and support at 56,777, creating a coiling setup. A breakout beyond these levels was expected to guide the market direction.

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🔍 Price Action Review:

Breakout Confirmed:
Early in the session, Bank Nifty decisively broke above the resistance zone of 56,829, validating the breakout setup.

Target Achievement:
The breakout was followed by a swift move hitting all three upside targets:
✅ TP1 – 56,881
✅ TP2 – 56,933
✅ TP3 – 56,985

Reversion to Zone:
Post breakout, Bank Nifty retraced and settled back into the initial resistance-support zone (56,829–56,777), mirroring the consolidation behavior seen in Nifty.

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🧠 Key Takeaway:
Despite hitting projected levels, price re-entered the range—signaling uncertainty and exhaustion in momentum.
In such conditions, where volatility dries up after an early move, traders must protect gains and manage exposure efficiently.

“Sometimes, the best trade is managing what you’ve already booked. Staying grounded during sideways action is a professional’s edge.”