📊 Bank Nifty has been on a strong bullish trajectory, and our proprietary iSpark Indicator was spot-on once again! ✅
📍 Breakout Spotted:
* First breakout identified by iSpark at 52150 on the daily chart.
* Followed by a fresh surge at 55170, delivering a solid 3000-point move to a high of 55929.
* Target was 56000, narrowly missed – but the trend remains strong!
📈 Current Market Position:
* Bank Nifty CMP: 55209.80
* Chart structure remains bullish across higher timeframes.
* Minor dips are being bought into – signaling continued institutional interest.
⚠️ Caution:
The only overhang is geopolitical tension between India & Pakistan, which is making traders cautious about holding weekly positions. However, if global markets remain stable and there's no major escalation, dips in Bank Nifty remain a buying opportunity.
📌 Trade Plan:
* Buy the dip strategy active above 54780 – 54400
* If 56000 is crossed decisively, expect a fresh leg toward 56500++ levesl
* Trailing SL and disciplined risk management is key.
🔔 iSpark Indicator = Trading Made Easy
Stay tuned for more accurate breakout alerts and momentum tracking. Make smart, high-conviction trades with confidence!
#BankNifty #iSpark #BreakoutTrading #NiftyBank #TechnicalAnalysis #SwingTrading #TradingView #MarketOutlook
📍 Breakout Spotted:
* First breakout identified by iSpark at 52150 on the daily chart.
* Followed by a fresh surge at 55170, delivering a solid 3000-point move to a high of 55929.
* Target was 56000, narrowly missed – but the trend remains strong!
📈 Current Market Position:
* Bank Nifty CMP: 55209.80
* Chart structure remains bullish across higher timeframes.
* Minor dips are being bought into – signaling continued institutional interest.
⚠️ Caution:
The only overhang is geopolitical tension between India & Pakistan, which is making traders cautious about holding weekly positions. However, if global markets remain stable and there's no major escalation, dips in Bank Nifty remain a buying opportunity.
📌 Trade Plan:
* Buy the dip strategy active above 54780 – 54400
* If 56000 is crossed decisively, expect a fresh leg toward 56500++ levesl
* Trailing SL and disciplined risk management is key.
🔔 iSpark Indicator = Trading Made Easy
Stay tuned for more accurate breakout alerts and momentum tracking. Make smart, high-conviction trades with confidence!
#BankNifty #iSpark #BreakoutTrading #NiftyBank #TechnicalAnalysis #SwingTrading #TradingView #MarketOutlook
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.