As per the updates shared on March 17 and May 15, 2025, #BankNifty continued to hold firmly above the 100-week SMA, confirming its position in the #TrendReversalZone. The index decisively broke above previous swing highs and surged to a new all-time high of 57,628.
Following this, it has once again retested the breakout zone (green zone), a classic resistance-turned-support area, and is now bouncing higher. This successful retest, signals strength for the next leg up.
Looking ahead, #BankNifty appears ready to surpass its previous ATH, with key support zones at 56,250 – 56,283 and 55,527 – 55,459. As long as the green zone levels hold, the bullish structure remains intact, with potential upside targets at 58,900 and 62,400.
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
#BankNifty | #BullishTrend | #AllTimeHigh | #TechnicalAnalysis | #PriceAction
Following this, it has once again retested the breakout zone (green zone), a classic resistance-turned-support area, and is now bouncing higher. This successful retest, signals strength for the next leg up.
Looking ahead, #BankNifty appears ready to surpass its previous ATH, with key support zones at 56,250 – 56,283 and 55,527 – 55,459. As long as the green zone levels hold, the bullish structure remains intact, with potential upside targets at 58,900 and 62,400.
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
#BankNifty | #BullishTrend | #AllTimeHigh | #TechnicalAnalysis | #PriceAction
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