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Bankniftytechnicalanalysis

Bank Nifty spot 55617.60 by Daily Chart view - Weekly updateBank Nifty spot 55617.60 by Daily Chart view - Weekly update - Resistance Zone 56850 to 57250 and then ATH Level 57628.40 - Earlier Support Zone now a Resistance Zone 59550 to 56285 of Bank Nifty Index - Most probable and fairly decent Support Zone 55050 to 55450 of Bank Nifty Index Levels - Bearish Rounding Bottom pattern formed from Bank Nifty Index ATH level to Support Zone by current week closure - Practical Bottom for the Bearish Rounding Bottom from the ATH 57628.40 comes to 55149.30 for the Bank Nifty index - Practically will the Bank Nifty Index take a breakdown from the Support Zone to deep dive below by 2479 points from here ????
NSE:BANKNIFTY
by PIYUSHCHAVDA
2
Bank Nifty spot 55527.35 by Daily Chart view - Weekly UpdateBank Nifty spot 55527.35 by Daily Chart view - Weekly Update - Rising Support Trendline has taken a breakdown - Support Zone is still active 55150 to 55500 of Bank Nifty Index Levels - Resistance Zone at 56475 to 56700 and then at Bank Nifty ATH Level 57049.50 - Next probable and decent Support Zone at 54225 to 54575 of Bank Nifty Index Levels - The latest Gap Down and a slightly old Gap Up Opening will need to be closed, sooner or later
NSE:BANKNIFTY
by PIYUSHCHAVDA
Bank Nifty spot 56578.40 by Daily Chart view - Weekly UpdateBank Nifty spot 56578.40 by Daily Chart view - Weekly Update - *Bank Nifty creates a New Lifetime High Milestone Level 56695* - Support zone 55150 to 55500 Index Band - Next Support Zone 54225 to 54575 Index Band - Bank Nifty had 2 Resistance to crossover for New ATH - Falling Resistance Trendline Breakout has been sustained - ATH 56098.70 has been crossed and New ATH 56695 made - *Gap Up Opening of 15-April-2025 remains to be filled in for closure* - Resistance just at ATH 56695 to breach and create another new milestone
NSE:BANKNIFTY
by PIYUSHCHAVDA
Bank Nifty spot 55749.70 by Daily Chart view - Weekly UpdateBank Nifty spot 55749.70 by Daily Chart view - Weekly Update - Bank Nifty has just 2 Resistance hurdles to cross for New ATH creation - Falling Resistance Trendline Breakout is attempted - ATH 56098.70 upper side to crossover for New ATH - Support zone 53825 to 54200 Index Band well sustained - Bank Nifty Index is a stones throw away literally for New ATH in the makin process - Bank Nifty Index trending well and opposite to Nifty Index which is kind of struggling to go towards the ATH
NSE:BANKNIFTY
by PIYUSHCHAVDA
Falling Wedge Breakout with Bullish Momentum | 15-Min Chart🏦 BANK NIFTY – Falling Wedge Breakout with Bullish Momentum | 15-Min Chart 📅 Date: May 5, 2025 📈 Timeframe: 15-Minute 🔍 Instrument: Nifty Bank Index (NSE) 📌 Technical Overview: Bank Nifty is currently showing signs of a short-term bullish reversal on the 15-minute chart. The index formed a classic falling wedge pattern, which is typically seen before upward price moves. A recent breakout attempt is seen from the wedge structure, supported by steady green candles and slight volume recovery. 🧩 Chart Pattern: The Falling Wedge is marked by two converging green trendlines. Inside the wedge, the price made lower highs and lower lows, forming a compact structure. The breakout leg is forming with strength and is approaching a tested supply zone around 55,350–55,450. 🔍 Key Price Levels: Support Zone: ~54,800 (Lower boundary of the wedge) Immediate Resistance: ~55,350 (Tested supply zone) Current Market Price (CMP): 55,001.65 If the price sustains above 55,070 and breaks out with volume, we may see bullish continuation toward 55,350–55,600. 📊 Volume Analysis: Volume remained low during the wedge formation – a healthy sign. A volume breakout confirmation is awaited. Keep an eye on a green volume bar spike as price crosses wedge resistance. 🧠 Observational Bias: As long as price holds above 54,800, the short-term bias remains bullish. A successful retest of the breakout zone or a strong close above 55,070 with volume may offer a high-probability intraday opportunity. 📌Note: Traders can wait for a confirmation candle (close above wedge) before entering. Risk management is key—keep stop loss below 54,800.
NSE:BANKNIFTY
by simpletradewithpatience
Bank Nifty spot 55115.35 by the Daily Chart view - Weekly UpdateBank Nifty spot 55115.35 by the Daily Chart view - Weekly Update - Support Zone 53825 to 54200 Index Band - Next Support Zone 52790 to 53300 Index Band - Resistance seen only at Bank Nifty Lifetime High Level 56098.70 - Bank Nifty is sustaining above the immediate Support Zone at 53825 to 54200 over past 2 weeks. - This is an indication of the Index keeping calm and contained to the ongoing uncertainty of cross border situation - Let us hope for the best to happen for a positive outcome over the coming days/weeks and foresee New ATH creation
NSE:BANKNIFTY
by PIYUSHCHAVDA
Wedge Pattern Near Resistance | 15-Min Chart🏦 BANK NIFTY INDEX – Wedge Pattern Near Resistance | 15-Min Chart 📅 Date: April 28, 2025 📈 Timeframe: 15-Minute 🔍 Index: Bank Nifty (NSE) 📌 Technical Overview: Bank Nifty is moving inside a Wedge Pattern on the 15-minute chart and is facing resistance near 55,577. The price is struggling to move higher and may face selling pressure if it fails to break this resistance. Immediate support is placed at 55,121, and if it breaks down, the index could slip further toward 54,176. 🧩 Chart Pattern Details: Wedge formation visible with two sloping trendlines (marked in red). Resistance: 55,577 (red horizontal line). Immediate Support: 55,121 (first green line). Major Support: 54,176 (second green line). 🔍 Key Price Levels: Resistance: 55,577 Immediate Support: 55,121 Major Support: 54,176 CMP (Current Market Price): 55,428.10 If Bank Nifty remains below 55,577 and breaks below 55,121, further downside pressure could build up toward the lower support zone. 📊 Volume Analysis: Volume has reduced near the resistance area, showing that buyers are losing strength and sellers may start gaining control. 🧠 Observational Bias: If Bank Nifty fails to cross above 55,577 and breaks 55,121, bears could dominate. Watch for a proper breakout or breakdown setup before taking trades.
NSE:BANKNIFTY
by simpletradewithpatience
Bank Nifty spot 54664.05 by the Daily Chart view - Weekly UpdateOOPS 🤭 MY BAD..... Had done a typo mistake hence reposting the review for *Bank Nifty spot 54664.05* and *NOT 5664.05* by the Daily Chart view - Weekly Update. 😀 🤝 👍 Bank Nifty spot 54664.05 by the Daily Chart view - Weekly Update - Support Zone 53825 to 54200 Index Band - Next Support Zone 52790 to 53300 Index Band - ATH 56098.70 is the only Resistance Level to crossover - Gap Up Opening of 15-April-2025 remains to be filled in for closure - Bank Nifty made New Lifetime High Milestone 56098.70 on 23-April-2025 but faced the unwarranted incident development of war like situation. However, it is yet at an in between Support Zone juncture to probably give a bit of hope for assumed reversal subject to conditions
NSE:BANKNIFTY
by PIYUSHCHAVDA
Bank Nifty spot 5664.05 by the Daily Chart view - Weekly UpdateBank Nifty spot 5664.05 by the Daily Chart view - Weekly Update - Support Zone 53825 to 54200 Index Band - Next Support Zone 52790 to 53300 Index Band - ATH 56098.70 is the only Resistance Level to crossover - Gap Up Opening of 15-April-2025 remains to be filled in for closure - Bank Nifty made New Lifetime High Milestone 56098.70 on 23-April-2025 but faced the unwarranted incident development of war like situation. However, it is yet at an in between Support Zone juncture to probably give a bit of hope for assumed reversal subject to conditions
NSE:BANKNIFTY
by PIYUSHCHAVDA
Bank Nifty spot 51564.85 by the Daily Chart view - Weekly updateBank Nifty spot 51564.85 by the Daily Chart view - Weekly update - Resistance Zone 52175 to 52575 for the Bank Nifty Index Band - Couple of Gap Up and Gap Down Openings yet to be filled and closed for Bank Nifty - Earlier Resistance Zone, acting as a sustained Support Zone at 49950 to 50275 for Bank Nifty Index Level - Both the Bullish "W" Double Bottoms are sustained and well shouldered by the Support Zone Lower Band
NSE:BANKNIFTY
by PIYUSHCHAVDA
Bank Nifty spot 50593.55 by the Daily Chart view - Weekly updateBank Nifty spot 50593.55 by the Daily Chart view - Weekly update - 1st Bullish "W" Double Bottom completed at the Lower Support Zone Index Band is maintained - 2nd Bullish "W" Double Bottom too has been completed with minor flip dip below Lower Support Zone - Earlier Resistance Zone 49950 to 50275 Index level is now anticipated to act as a sustained Support Zone - Lower level Support Zone 47850 to 48075 Index Band has been sustained with minor one flip dips below it - Rising Support Trendline is seen to be well respected with minor flip dips below it in Jan 2025 and March 2025
NSE:BANKNIFTY
by PIYUSHCHAVDA
Bank Nifty spot 48060.40 by the Daily Chart view - Weekly updateBank Nifty spot 48060.40 by the Daily Chart view - Weekly update - Resistance Zone 49950 to 50275 Index Level - Support Zone 47850 to 48075 Index Band sustained with one flip dips - 1st Bullish "W" Double Bottom formed and completed at the Support Zone Index Band - 2nd Bullish "W" Double Bottom been formed by minor flip dip below Support Zone Index Band - Rising Support Trendline seen well respected with minor flip dips below it in Jan 2025 and March 2025
NSE:BANKNIFTY
by PIYUSHCHAVDA