Bank Nifty continues to trade within a broader downward channel, with Buy-Side and Sell-Side Liquidity clearly identifiable.
Key Technical Observations:
==> Sell-Side Liquidity near 53,788 has been swept, followed by a recovery.
==> Price has revisited the Bearish Order Block around 54,800–55,100, where selling pressure may emerge.
==> The broader market structure remains within a descending channel.
Key Trading Range:
🔴 Upper Range: 55,200
🟢 Lower Range: 53,700
Technical Perspective: The 54,800–55,100 zone is crucial for assessing the next move. A sustained breakout above 55,200 may indicate improving momentum, while weakness below 53,700 could signal further downside.
Educational and informational purposes only. Not investment advice or a trading recommendation.
Key Technical Observations:
==> Sell-Side Liquidity near 53,788 has been swept, followed by a recovery.
==> Price has revisited the Bearish Order Block around 54,800–55,100, where selling pressure may emerge.
==> The broader market structure remains within a descending channel.
Key Trading Range:
🔴 Upper Range: 55,200
🟢 Lower Range: 53,700
Technical Perspective: The 54,800–55,100 zone is crucial for assessing the next move. A sustained breakout above 55,200 may indicate improving momentum, while weakness below 53,700 could signal further downside.
Educational and informational purposes only. Not investment advice or a trading recommendation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.