As per the updates shared on March 17 and May 15, 2025, #BankNifty continued to hold firmly above the 100-week SMA, confirming its position in the #TrendReversalZone. The index decisively broke above previous swing highs and surged to a new all-time high of 57,628.
Following this, it has once again retested the breakout zone (green zone), a classic resistance-turned-support area, and is now bouncing higher. This successful retest, signals strength for the next leg up.
Looking ahead, #BankNifty appears ready to surpass its previous ATH, with key support zones at 56,250 – 56,283 and 55,527 – 55,459. As long as the green zone levels hold, the bullish structure remains intact, with potential upside targets at 58,900 and 62,400.
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
#BankNifty | #BullishTrend | #AllTimeHigh | #TechnicalAnalysis | #PriceAction
Following this, it has once again retested the breakout zone (green zone), a classic resistance-turned-support area, and is now bouncing higher. This successful retest, signals strength for the next leg up.
Looking ahead, #BankNifty appears ready to surpass its previous ATH, with key support zones at 56,250 – 56,283 and 55,527 – 55,459. As long as the green zone levels hold, the bullish structure remains intact, with potential upside targets at 58,900 and 62,400.
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
#BankNifty | #BullishTrend | #AllTimeHigh | #TechnicalAnalysis | #PriceAction
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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.
Related publications
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.