Bank Nifty retest breakout level,EOD Analysis

Bank Nifty after giving breakout above 17850 failed to move above Friday high of 17947 made a high in opening at 17954 and came down, suggesting  no follow up move was seen. Today move can be seen as consolidation after big rise seen on Friday, It will be termed as failed breakout once it closed below 17827, (low formed today was 17817 and bounced back), and the gann line as shown in the below chart. Above 17950

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