Here is a quick chart of the BankNifty spot with value area and ATR
The daily chart is in a clear uptrend well above the value area in green.
The pane below is the ATR with the green and red showing continuation of up days and down days.
There aren't a number of days where a big green up day was followed up by another green up day.
The average range of the day is about 150 from last June and there are only 3-4 sessions when a move above 150 was followed by another upmove of 150.