Banking Sector Breaks Past July 2024 High | Fresh Dual Breakout in April & May 2025

The banking sector has recently crossed its July 2024 high, confirming a strong breakout with two bullish moves on April 21 and May 12, 2025. Currently trading near 55,354 with a high of 56,098, the sector signals momentum-driven opportunities ahead.

5/17/20251 min read

📊 Sector Overview:

  • Sector Name: Banking

  • Index: Nifty Bank

  • Breakout Level: 54,400

  • Current Price: 55,354

  • Recent High: 56,098

  • Breakout Dates: 21 April 2025 and 12 May 2025

  • Previous Resistance Zone (July 2024 High): Around 54,400

  • Momentum: Strong bullish move post double breakout

🔎 Why this Sector Looks Strong?

  • Broke out above previous resistance zone (~54,400) which held since July 2024

  • Dual breakout confirmation on 21 April and 12 May 2025

  • Current price sustaining well above breakout zone (~55,354)

  • Strong bullish candles and volume surge on breakout days

🎯 Potential Benefit

  • Sector-wide bullishness often leads to strength in individual banking stocks

  • Possibility of trend-following moves in leading private and PSU banks

  • Favourable setup for swing and positional trades

🧭 Technical Snapshot

  • Breakout Level: 54,400

  • Current Price: 55,354

  • Recent High: 56,098