BANKNIFTY FUTURE CMP: ₹54,880
✅ Buy
🎯 Target 1: ₹55,000 🎯 Target 2: ₹55,150 🎯 Target 3: ₹55,350
🛑 Stop Loss: ₹54,620 (Closing Basis)
📈 Potential Upside: 0.9% – 1.8%
⏳ Timeframe: 1–15 Days
Technical Analysis Strong bullish breakout visible above the ₹54,700–54,800 resistance zone.
Price is trading above the 0.618 Fibonacci retracement level, indicating bullish momentum.
Volume expansion on the breakout candle supports the move.
RSI is above 70, showing strong momentum, though short-term consolidation is possible.
Immediate support lies near ₹54,700 and major support near ₹54,620.
Trading Plan Buy: ₹54,820 – ₹54,900
Stop Loss: ₹54,620
Target 1: ₹55,000
Target 2: ₹55,150
Target 3: ₹55,350
📊 Trend: Bullish
⚖️ Risk-Reward Ratio: Approximately 1:2.2
Probability of Success: 65%–70% (based on current price action and breakout structure)
SHREEJI FINANCE & INVESTMENT Hatijan Circle, Ahmedabad 📞 9825305967
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