Bank Nifty Analysis (30 Min Timeframe)

Bank Nifty Analysis (30 Min Timeframe):

Current Scenario:

Pichle trading session ke levels kaafi effective rahe, jahan se price ne 51,754.25 ka support liya aur upar ki taraf bounce kiya.

W pattern breakout ho chuka hai, jo ek bullish reversal ko indicate karta hai.

Ab price critical resistance 52,378.20 ke paas aake thoda slow ho raha hai, yeh level key hai aage ke direction ko confirm karne ke liye.

Volume dheere-dheere badh raha hai, lekin ab tak ek clear breakout move ke liye solid volume spike ka intezaar hai.


Possible Outcomes:

1. Bullish Scenario:

Agar price 51,754.25 ke upar sustain karta hai aur 52,378.20 ko convincingly break karta hai, toh uptrend continue kar sakta hai.

Entry: Long entry 51,500 ke aas-paas, SL 51,200 ke neeche.

Target: Pehla target 52,800, aur dusra target 53,200+ ho sakta hai.



2. Bearish Scenario:

Agar price 52,378.20 ko break nahi kar paata aur wapas reverse hota hai, toh ek consolidation ya short move dekha ja sakta hai.

Breakdown below 51,754.25 can trigger a move towards 51,200-51,000.

Entry: Short below 51,754.25, SL 52,000 ke upar.

Target: Pehla target 51,200, aur dusra target 50,800 ho sakta hai.




Strategy:

52,378.20 ke clean breakout ka wait karo longs ke liye, ya phir is level ke aas-paas consolidation ya rejection ko dekho for reversal.

Volume spikes ka dhyan rakho confirmation ke liye, low volume false breakout signal ho sakta hai.

Previous session ke levels ne kaafi ache se kaam kiya, to aaj bhi price action ka reaction inhi levels pe focus kar ke watch karna chahiye.


Final Note: W pattern ka breakout ho chuka hai, lekin confirmation tab milega jab price 52,378.20 ke upar ek strong move karega. Agar price is level ko breach karne me fail karta hai, toh short-term pullback ya consolidation phase ho sakta hai.

Confirmation mil chuka hai, lekin nayi entry 52,378.20 ke upar hogi for safe longs.

Never judge my risk and analysis