BANKNIFTY Tight Range After Strong Rally Breakout Or Trap ZoneNifty Bank IndexNSE:BANKNIFTYDkRayakTVBANKNIFTY has shown a sharp bullish move from lower support zones and is now consolidating near the highs. Price is forming a tight compression structure near the resistance zone which indicates expansion is coming soon. As long as price holds above the marked demand area buyers remain active and continuation is possible. A clean breakout and hold above the compression can open upside momentum. Failure to sustain above the structure can invite a quick pullback towards the nearest demand zone. Market is at decision point. Wait for confirmation and trade with structure. #HMO #HappeningMarketOfficial