Parallel Channel Breakdown | Key Levels & Confirmation Bank Nifty has been trading inside a long-term ascending parallel channel. Price has recently shown a sharp rejection from the upper portion of the channel and has moved below the lower channel boundary, making the current structure important from a long-term perspective. 🔴 Bearish Scenario: A sustained monthly breakdown below the lower channel, followed by a breakdown + retest + rejection, would strengthen the bearish setup. 📉Key Downside L