BANKNIFTY Bullish Continuation Plan: Previous Target Hit, Next??Nifty Bank IndexNSE_DLY:BANKNIFTYAryan_yadav2612In my previous BANKNIFTY analysis, price respected the 57,000 support zone and delivered exactly toward our expected target of 57,900–57,950 / PDH. That trade idea played out well and was closed in profit. Now, after hitting our previous target, BankNifty has shown another strong bullish sign. Price rejected from the Daily/Weekly Gap Imbalance zone and gave a strong impulsive bullish move with a closing above 58,000, where the 2nd highest Call writers were positioned. Price has also grabbed both previous day low and previous day high liquidity, which shows strong volatility and buyer participation. My overall Weekly timeframe bias remains bullish, and I’m still expecting price to deliver toward the Weekly Volume Imbalance zone. Since 58,000 has been broken aggressively, we can expect further bullish continuation during this week if price holds the key support zones. On the 4H/1H timeframe, price has created a strong Bullish OB FVG, and both timeframes are aligned at the same zone. Before that, on the 1H timeframe, price has also created a Mitigation OB around 58,000. This level is important for tomorrow. If price retests the 58,000 Mitigation OB and gives strong bullish displacement, then I’ll look for a long opportunity toward 58,400–58,500. But if price fails to hold this mitigation zone and breaks it with bearish displacement, then I’ll avoid buying from there and wait for price to retest the deeper 4H/1H Bullish OB FVG zone around 57,200–57,400. Entry Plan: On the 15-minute timeframe, price has already given MSS and formed a compressed range around 58,100–58,150. The 1H Mitigation OB is aligned with this area, while the deeper 4H/1H Bullish OB FVG is also aligned with a 15M OB FVG. So tomorrow, I’ll plan a long only if price holds and rejects from the 58,000 Mitigation OB with confirmation. Plan is simple: 58,000 holds with bullish displacement = long toward 58,400–58,500. 58,000 breaks with bearish displacement = no trade, wait for 57,200–57,400 POI. No confirmation = no trade. Bias: Bullish, but confirmation is compulsory.