Nifty Bank IndexUpdated

BankNifty Rising Wedge Resistance - Breakout OR Breakdown?

Bank Nifty: on the monthly timeframe, the 53,000 level stands out as a crucial resistance line. The market's next significant move is contingent upon a decisive close above this barrier in the lower timeframe. The current pattern resembles a rising wedge.

Note

Almost 2500 points fall from the resistance line.

Note

Now, the index is moving in a narrow range.

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Also on:

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