BANKNIFTY Intraday 04 JUN | Breakout or Breakdown Scenario

4 Jun

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 55,608 and the support at 55,534 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 55,608
Support: 55,534


• Breakout Scenario:
If price breaks and sustains above 55,608 :
TP1 (1:1): 55,682
TP2 (1:2): 55,756
TP3 (1:3): 55,830

• Breakdown Scenario:
If price breaks and sustains below 55,534 :
TP1 (1:1): 55,460
TP2 (1:2): 55,386
TP3 (1:3): 54,312

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

Information and analysis provided is for educational purposes only.

4 Jun

Dagangan aktif

🏦 BANKNIFTY Intraday Summary – 04 June 2025
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🔍 Market Behavior:
BANKNIFTY started the session in a consolidation range between resistance at 55,608 and support at 55,534.
Early in the day, a breakdown was observed, and the index achieved the first downside target at 55,460.

However, the market swiftly reversed its course. A few hours into the session, a breakout above 55,608 occurred, with price climbing steadily to hit Target 1 at 55,682 on the upside.
By session end, the index hovered close to Target 2 (55,756) but didn’t quite reach it.


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🔑 Key Levels Recap:
Breakout Trigger: 55,608
• 🎯 TP1: ✅ 55,682 (Hit)
• 🎯 TP2: ⏳ 55,756 (Nearly Hit)
• 🎯 TP3: ❌ 55,830 (Not Reached)

Breakdown Trigger: 55,534
• 🎯 TP1: ✅ 55,460 (Hit)
• 🎯 TP2/3: ❌ No continuation


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📊 Market Mood:
The day was marked by two-sided action, with both bearish and bullish setups getting activated.
This reflects a market lacking strong conviction, yet responsive to intraday levels.
The final leg of the rally suggested buyers stepped in with moderate confidence, but the broader sentiment stayed cautious.


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🧠 Takeaway:
“It was a day of dual moves—first the fall, then the recovery. Nimble trading rewarded the patient and prepared.”
Stay agile and let levels guide your trade.