📊 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
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.