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BANKNIFTY

Bank Nifty Breakout 56100 or breakdown 54250 .. what next !!Bank Nifty Technical Outlook: Bank Nifty is currently forming a lower high and higher low pattern, indicating a symmetrical triangle formation. The trading range is getting increasingly narrower, suggesting that a decisive breakout is imminent on either side. Downside Scenario: If Bank Nifty breaks down below 54,200, we could see a retracement towards the 52,930 – 52,300 levels, where multiple virgin CPRs (Central Pivot Ranges) are present, potentially acting as support zones. Traders should closely monitor price action near the current range boundaries for confirmation of direction.
NSE:BANKNIFTY
by utradewithme
"Clean Swing Buy/Sell Labels"This custom indicator identifies swing highs and swing lows to display Buy and Sell signals directly on the chart. 🎯 📊 Key Features: Customizable Buy/Sell label size 🏷️ Adjustable swing length and percentage move for accurate signals ⚡ Fixed Creator Info at the bottom right for attribution 🌟 💡 Perfect for: Traders looking for clean and straightforward signals without clutter. Customizable to fit your charting style! 🔗 Created by: @vasanthvk_13 📈 Code: Clean Swing Buy/Sell Labels (Pine Script) 💬 Feedback is appreciated!
NSE:NIFTY
by vasanthkvk
Bank Nifty – 1 Hour Chart AnalysisThe price zone between 55,694 and 55,783 is acting as a strong resistance on the 1-hour chart. If the market moves down to sweep the liquidity around 55,551, it could potentially trigger a reversal. This liquidity sweep may give the momentum required for the price to test the resistance zone again. However, if the resistance holds firm and rejection occurs, it could push the market further down toward the Monthly Support level around 52,441. Disclaimer: This analysis is for informational and educational purposes only and should not be considered as investment advice or a recommendation to buy or sell any financial instruments. Trading in the stock market involves risk. Please conduct your own research or consult with a qualified financial advisor before making any trading decisions.
NSE:BANKNIFTY
by Anonymous_2035
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