Nifty Bank Index in a 15-minute timeframe

📊 Technical Analysis of the Chart
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👉 Chart Overview
• Nifty Bank Index in a 15-minute timeframe.
• Includes falling wedge pattern, MACD, RSI, and color-coded zones for trend analysis.
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✨ Key Features
• Falling Wedge: Bullish reversal breakout.
• Divergences: Bullish signals on MACD and RSI.
• Zones:
o Red: Bearish momentum.
o Green: Bullish recovery.
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📈 Indicator Analysis
• MACD: Bullish divergence; lines crossing upward post-breakout.
• RSI: Recovered from oversold levels (below 30) to 57.87.
• Volume: Rising on green candles confirms buying.
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🔑 Key Levels
• Support: 49,230.15
• Resistance: 49,979.05, 51,672.75
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🧠 Summary
• Strong bullish setup with breakout confirmation.
• Indicators and volume support further upside.
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💡 Trading Strategy
1. Buy: On retest of 49,552.70, target 49,979.05, then 51,672.75.
2. Stop-loss: Below 49,230.15.
3. Sell: If price re-enters wedge.
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🏁 Conclusion
The chart signals a bullish move with a breakout and strong divergence support. 🚀