Pattern Analysis
Rising Wedge Pattern:
A bearish pattern typically seen near tops. It shows narrowing price movement with higher highs but declining momentum.
Breakdown confirmed as price has fallen below the lower wedge support trendline.
Confirms selling pressure and rejection from the top near 57,300–57,500 zone.
🕯️ Candlestick Signals
Dark Cloud Cover:
A bearish reversal pattern indicating sellers have taken control after a bullish phase.
Big Red Candle + ‘M’ Pattern:
Bearish engulfing at resistance – strong indication of a top formation.
3 Inside Down Candlestick Pattern at Resistance:
Recent red candles have higher volume, confirming institutional selling activity.
As anticipated in our previous analysis, Bank Nifty corrected from the 57,000 level to 56,056, validating the bearish setup.
It is also expected to short here 56,550 add on any rise up to 57,700-57,950 for target mentioned on chart.
Alternative Scenario: Be aware that the rising wedge could potentially break upwards. If the price breaks decisively above the resistance trendline with strong volume, the bearish outlook would be invalidated.
Rising Wedge Pattern:
A bearish pattern typically seen near tops. It shows narrowing price movement with higher highs but declining momentum.
Breakdown confirmed as price has fallen below the lower wedge support trendline.
Confirms selling pressure and rejection from the top near 57,300–57,500 zone.
🕯️ Candlestick Signals
Dark Cloud Cover:
A bearish reversal pattern indicating sellers have taken control after a bullish phase.
Big Red Candle + ‘M’ Pattern:
Bearish engulfing at resistance – strong indication of a top formation.
3 Inside Down Candlestick Pattern at Resistance:
Recent red candles have higher volume, confirming institutional selling activity.
As anticipated in our previous analysis, Bank Nifty corrected from the 57,000 level to 56,056, validating the bearish setup.
It is also expected to short here 56,550 add on any rise up to 57,700-57,950 for target mentioned on chart.
Alternative Scenario: Be aware that the rising wedge could potentially break upwards. If the price breaks decisively above the resistance trendline with strong volume, the bearish outlook would be invalidated.
Trade attivo
Bank nifty trading as per our chart. today low 54,478.Bank nifty 57,250 to now 54,500 more than 2700 points correction.
Enjoy the gain.
Trade chiuso: obiettivo raggiunto
As per analysis post on dated 26.07.2025 Bank nifty crash, today's low 53,768. All targets done.Correction more than 3500 points.
Enjoy the gain.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.