Bank Nifty index Technical

🪂🛬The 🏦Bank Nifty index has recently experienced a significant downturn, closing below the 48,000 mark, A 🐂bullish reversal might be anticipated if Bank Nifty can sustain above 47106, with potential targets at 50600 However, if it falls below 47000, further decline could be expected. The index is currently in a descending channel, indicating a bearish short-term trend, but a breakout above 50700 could signal a shift towards bullish momentum
Hear is Technical📈📉 Chart For your Reference