BANKNIFTY Intraday Live Session 20 JUN Breakout/Breakdown Levels

20 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 55,748 and the support at 55,696 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 55,748
Support: 55,696

• Breakout Scenario:
If price breaks and sustains above 55,748 :
TP1 (1:1): 55,800
TP2 (1:2): 55,852
TP3 (1:3): 55,904

• Breakdown Scenario:
If price breaks and sustains below 55,696 :
TP1 (1:1): 55,644
TP2 (1:2): 55,592
TP3 (1:3): 55,540

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

Information and analysis provided is for educational purposes only.

20 Jun

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✅ BANKNIFTY – Intraday Summary | 20 June 2025

Opening Structure:
At the beginning of the session, BankNifty was consolidating between 55,748 (resistance) and 55,696 (support), forming a tight range and indicating potential for directional movement.

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📈 Breakout Scenario:
The index broke above the 55,748 resistance in the early session, confirming the breakout setup.

Breakout Targets:
TP1: 55,800 ✅
TP2: 55,852 ✅
TP3: 55,904 ✅

All breakout targets were successfully achieved.


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💡 Additional Observations:

Follow-through: Post-breakout, BankNifty continued its upward momentum, eventually reaching a high of approximately 56,328.

Psychological Level: The index hovered around the 56,000 mark, indicating strong intraday support/resistance flip and buyer acceptance near this key round number.



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🧭 Conclusion:
A clear and sustained breakout day for BankNifty. The price action respected levels with strong follow-through and expanding momentum, rewarding breakout traders.

📌 “Momentum + structure + volume = conviction. Today’s move was as clean as they come.”