Bank Nifty's Channel Collision @ Macro Resistance

Macro Geometry: The chart features a large multi-month symmetrical triangle / contracting wedge pattern defined by the solid pink trendlines. Price broke below the primary ascending trendline support near 55,400–55,500, dropping sharply into an impulse down-leg. A secondary descending parallel channel (dashed yellow lines) captured the intermediate corrective decline, from which price has staged a V-shaped counter-trend recovery back toward the breakdown retest zone.

Technical ObservationsBreakdown Retest / Pullback Zone: The recent rally from the swing low is a counter-trend retracement…