Bullish setup spotted in Bank Nifty – Time to go long.

There are two charts of Bank Nifty – one on the Daily timeframe and the other on the 1-Hour timeframe.

On the Daily timeframe, Bank Nifty is taking support on a parallel channel with a support zone around 55,000–55,200 and if makret then support is near 54500 in extreme case.
On the 1-Hour timeframe, Bank Nifty has formed a Diamond Pattern and, after the breakout, is also taking support near 55,000–55,200.
If Bank Nifty sustains this level, we may see higher prices with the pattern target projected around 56,200–56,500.

Thank You !!