BankNifty analysis for 01/6/2022

So as we can see the 15min timeframe of the Banknifty inedx, we can see that there is currently going on a consolidation for the previous impulsive move.
After the correction of the move the banknifty can give a upside breakout and continue the upside move.

And for the possible trade setup, we can see that after opening flat today, the bankinifty came up and currently forming a falling wedge type of pattern.
If it forms correctly and gives a breakout, then we can expect a good move till 35845.






Disclaimer - The ideas published here is for information purpose only and does not to be used as trading or investing advice.