BankNifty Analysis for 03/06/2022
So as we have discussed in the previous day analysis that upon giving the breakout of this channel, it can a give a good momentum in the respective direction.
But the BankNifty has not give the breakout today, and kept on consolidating in the range.
So now if tomorrow BankNifty opens between the triangle shaped range and gives breakout in any direction, there could be a good move.
It can also consolidate for the whole day just like today, so trade only once there is a breakout.
If there is big gap up or gap down opening tomorrow, then our this setup would be invalidated and we would have to wait until there is any new trading opportunity.
Hope you liked the analysis, don't forget to mention your views in the comment section.
But the BankNifty has not give the breakout today, and kept on consolidating in the range.
So now if tomorrow BankNifty opens between the triangle shaped range and gives breakout in any direction, there could be a good move.
It can also consolidate for the whole day just like today, so trade only once there is a breakout.
If there is big gap up or gap down opening tomorrow, then our this setup would be invalidated and we would have to wait until there is any new trading opportunity.
Hope you liked the analysis, don't forget to mention your views in the comment section.
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