Bank Nifty 15-Minute Analysis: Bullish Trend with Short-Term CorNifty Bank IndexNSE:BANKNIFTYimkhushalBank Nifty 15-Minute Analysis: Bullish Trend with Short-Term Corrective Pullback The 15-minute Bank Nifty chart shows a strong bullish market structure with a sequence of higher highs and higher lows, supported by an ascending trendline. The Elliott Wave count suggests the completion of multiple impulsive waves, while the current price is undergoing a corrective (d)-(e) pullback within the rising channel. Despite the short-term weakness, the broader trend remains positive as long as price respects the lower trendline support. The immediate resistance lies at 58,269 (0.618 Fibonacci level), followed by the major upside target near 58,833, where Wave 5 could complete if buying momentum resumes. The RSI has cooled from overbought territory and is hovering around the mid-40s to low-50s, indicating a temporary loss of momentum rather than a confirmed trend reversal. A sustained move above 58,269 would strengthen the bullish outlook, while a break below the ascending trendline could trigger a deeper corrective decline. Disclaimer: This analysis is for educational and informational purposes only and is based on Elliott Wave Theory, price action, Fibonacci levels, and technical indicators. It should not be considered financial or investment advice. Financial markets involve risk, and no analysis can guarantee future price movements. Always conduct your own research, use proper risk management, and consult a qualified financial advisor before making any trading or investment decisions.