BANKNIFT Intraday Live Session| 18 JUN Breakout/Breakdown Levels

18 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 55,849 and the support at 55,768 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 55,849
Support: 55,768


• Breakout Scenario:
If price breaks and sustains above 55,849 :
TP1 (1:1): 55,930
TP2 (1:2): 56,011
TP3 (1:3): 56,092

• Breakdown Scenario:
If price breaks and sustains below 55,768 :
TP1 (1:1): 55,687
TP2 (1:2): 55,606
TP3 (1:3): 55,525

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

Information and analysis provided is for educational purposes only.

18 Jun

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🏦 BANKNIFTY Intraday Summary – 18 June 2025

The session began with a breakout above the 55,849 resistance, validating the bullish scenario. Price quickly achieved Target 1: 55,930, but the rally lost momentum and reversed.

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Shortly after, BANKNIFTY broke below the 55,768 support, triggering the breakdown scenario. The index successfully achieved:

✅ TP1: 55,687
⏳ TP2: 55,606 (almost hit)

This showed strong downward momentum for a period.

In the final phase of the session, BANKNIFTY made a recovery attempt and moved upward again — showing signs of another breakout — but ultimately closed within the original consolidation zone between 55,849 and 55,768, failing to sustain either breakout or breakdown direction decisively.

🧠 A classic case of intraday volatility and indecision — traders needed to stay flexible and nimble as the structure flipped multiple times.