Nifty Bank Index
看多

BANKNIFTY Descending Channel Breakout Alert – Targeting 57450+

976
The chart displays a descending channel breakout in the Bank Nifty Index on the daily timeframe. After months of consolidation between a downward sloping resistance and support trendline, a strong breakout has been observed.

🔺 Resistance Zone (Red Channel)
  • Multiple rejections along the red downward sloping trendline marked as Resistance.
  • The breakout candle has successfully closed above this zone, confirming a bullish breakout.


🔻 Support Zone (Green Channel)
  • Historically strong buying zones identified at the green support trendline.
  • Each dip toward this line was followed by a bullish move.


📈 Breakout Confirmation
  • The price has broken out of the resistance channel, and the breakout zone is highlighted with a black circle.
  • The pattern height is used to estimate potential upside targets post-breakout.


🎯 Target Levels Post-Breakout
  • Initial Target: 53,950+
  • Next Target: 55,450+
  • Projected Final Target: 57,450+

(Calculated by adding the pattern height to the breakout level)

🛑 Stop Loss Strategy
A strict stop loss is placed below 51,450, to manage risk in case the breakout fails.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。