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Athbullsetup

Bank Nifty spot 57713.35 by the Daily Chart view- Weekly updateBank Nifty spot 57713.35 by the Daily Chart view- Weekly update - Bank Nifty created a New Lifetime High Milestone touching 57830.20 - Resistance Zone 56950 to 57350 then ATH 57628.40 for Bank Nifty - Falling Resistance Trendline Breakout seems to be well sustained for now - Rising Support Channel stood ground and providing steady positive support - Current Support Zone 56950 to 57350 for Bank Nifty was earlier the Resistance Zone - Bullish Rising W pattern done and has been well sustained by current trending momentum - Bullish Rounding Bottom formed by Support Zone neckline inclusive of W pattern actively effective
NSE:BANKNIFTY
by PIYUSHCHAVDA
ATH GONNA MAKE ATH• Setup: • A long position is marked with a risk/reward box. • Entry Zone: ~0.0422 USDT (current level). • Stop-Loss (SL): ~0.0372 – 0.0378 USDT (red zone below). • Target (TP): ~0.0621 USDT (green box top). • Key Levels: • Support Zone: 0.0372 – 0.0378 • Resistance Zone: 0.0546 – 0.0560 (previous high before correction) • Major Target: 0.0621 • Indicators: • Price recently had a strong parabolic pump followed by a retracement. • Now consolidating near the moving averages (yellow & blue lines), testing resistance. • Volume shows decreasing selling pressure after the initial dump. 📌 Summary: ATH/USDT had a sharp rally but retraced back to a support zone near 0.042. A potential bounce setup is forming if price holds this support. Upside target sits around 0.062, but a break below 0.0372 would invalidate the long setup.
Long
by The_Mosess