BANKNIFTY Intraday 30 MAY | Breakout or Breakdown Scenario

30 Mei

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 55,671 and the support at 55,559 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 55,671
Support: 55,559


• Breakout Scenario:
If price breaks and sustains above 55,671 :
TP1 (1:1): 55,783
TP2 (1:2): 55,895
TP3 (1:3): 56,007

• Breakdown Scenario:
If price breaks and sustains below 55,559 :
TP1 (1:1): 55,447
TP2 (1:2): 55,335
TP3 (1:3): 55,223

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

Information and analysis provided is for educational purposes only.

30 Mei

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🔁 BANKNIFTY – Intraday Summary | 30 May 2025

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📌 Opening Structure & Setup:
At the start of the session, BANKNIFTY was consolidating between resistance at 55,671 and support at 55,559. A breakout or breakdown was expected to provide a clear directional trade setup.

📉 Initial Move – Breakdown:
BANKNIFTY initially broke below 55,559, confirming the breakdown scenario, and quickly hit the first downside target:

✅ TP1 – 55,447 achieved

It came very close to TP2 – 55,335, but failed to sustain and reversed sharply.

📈 Reversal & Breakout:
In the second half of the session, BANKNIFTY reversed strongly, crossing back above the resistance at 55,671, triggering the breakout scenario and hitting the first upside target:

✅ TP1 – 55,783 achieved

📊 Closing:
BANKNIFTY closed on a positive note at 55,755.70, showcasing strong buying interest post-reversal.

✅ Both directional moves were captured well by the levels. Traders had the opportunity to profit from both sides with disciplined execution.