📈 BankNifty Intraday Trade Setup – 23/06/2025 (Monday)
🕒 Timeframe: 1-Min Chart
📊 Market Sentiment: Cautiously Bullish | High Volatility Expected
🔼 Buy Above: 56,320 (sustained breakout)
🎯 Target 1: 56,420
🎯 Target 2: 56,550
🛑 Stop Loss: 56,180
⚠️ Confirm with strong volume and EMA crossover
🔽 Sell Below: 56,050 (breakdown below demand zone)
🎯 Target 1: 55,920
🎯 Target 2: 55,780
🛑 Stop Loss: 56,200
⚠️ Entry valid only after 5-min candle closes below 56,050
📍 Key Levels to Watch:
🔹 Resistance: 56,300 – 56,400
🔹 Support: 56,050 – 55,900
🔹 Demand Zone: 55,700 – 55,600
🔹 Supply Zone: 56,400 – 56,550
📌 Pro Tips for Monday:
✅ Track global cues (esp. geopolitical tensions)
✅ Use VWAP and RSI for extra confirmation
✅ No overtrading on breakout traps
🕒 Timeframe: 1-Min Chart
📊 Market Sentiment: Cautiously Bullish | High Volatility Expected
🔼 Buy Above: 56,320 (sustained breakout)
🎯 Target 1: 56,420
🎯 Target 2: 56,550
🛑 Stop Loss: 56,180
⚠️ Confirm with strong volume and EMA crossover
🔽 Sell Below: 56,050 (breakdown below demand zone)
🎯 Target 1: 55,920
🎯 Target 2: 55,780
🛑 Stop Loss: 56,200
⚠️ Entry valid only after 5-min candle closes below 56,050
📍 Key Levels to Watch:
🔹 Resistance: 56,300 – 56,400
🔹 Support: 56,050 – 55,900
🔹 Demand Zone: 55,700 – 55,600
🔹 Supply Zone: 56,400 – 56,550
📌 Pro Tips for Monday:
✅ Track global cues (esp. geopolitical tensions)
✅ Use VWAP and RSI for extra confirmation
✅ No overtrading on breakout traps
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.