According to the price action observed at session start ,BANKNIFTY is currently consolidating between the resistance at 55,903 and the support at 55,805 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.
• Key Levels:
Resistance: 55,903
Support: 55,805
• Breakout Scenario:
If price breaks and sustains above 55,903 :
TP1 (1:1): 56,001
TP2 (1:2): 56,099
TP3 (1:3): 56,197
• Breakdown Scenario:
If price breaks and sustains below 55,805 :
TP1 (1:1): 55,707
TP2 (1:2): 55,609
TP3 (1:3): 55,511
"Stay neutral, stay ready. Let the chart pick the direction."
Information and analysis provided is for educational purposes only.
액티브 트레이드
🔹 BANKNIFTY – Intraday Summary | 19 June 2025Opening Structure:
At the start of the session, BANKNIFTY was consolidating in a tight range between resistance at 55,903 and support at 55,805, signaling potential for a breakout or breakdown as price coiled near key levels.
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🔹 Key Levels:
Resistance: 55,903
Support: 55,805
📈 Breakout Scenario:
TP1: 56,001
TP2: 56,099
TP3: 56,197
📉 Breakdown Scenario:
TP1: 55,707
TP2: 55,609
TP3: 55,511
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🔍 Intraday Price Action Recap:
In the early session, BANKNIFTY broke above the resistance at 55,903, triggering the breakout setup. However, the move lacked strength and failed to sustain, leading to an immediate reversal.
Following the false breakout, BANKNIFTY slid below the support at 55,805, confirming a breakdown and achieved both TP1 (55,707) and TP2 (55,609) in quick succession.
The downward momentum persisted, and in the final leg of the session, BANKNIFTY also reached TP3 at 55,511, effectively completing the full downside target range.
The session ended with strong bearish sentiment, supported by rising volume, suggesting expiry-driven unwinding pressure.
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🧭 Conclusion:
Despite an initial false breakout, BANKNIFTY validated the bearish structure, delivering a clean breakdown and achieving all downside targets. The day reflected a clear directional shift post-failure of resistance, with expiry pressure amplifying the move.
📌 “Stay neutral, stay ready. Let the chart pick the direction.”
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