Bank Nifty Bear Trap → Bullish Breakout in the Offing!

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Bank Nifty Bear Trap → Bullish Breakout in the Offing!

Bank Nifty has carved out a Bullish Broadening formation and trapped the bears with a classic Bear Trap pattern.

As long as the index stays above 57,500 on a closing basis, the path opens to the target zone towards ~62,000.

Key Levels to note:

• Mini-bottom support (closing basis) → 57,500
• Target zone → 62,000

• Pattern triggers the up-move by invalidating the bearish structure and inviting fresh bullish counts.

The formation signals a shift in control back to the bulls — this is a structural bounce opportunity, not just a short-term spike.

Nishesh Jani,CFTe

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