NIFTY Spot 3week consolidation with Long lower Shadow this week

nifty weekly chart since 3 week in range with this week forming long lower shadow pattern . will this consolidation continue or will it break . watch and observe .for next week 30 may-3jun while next to it 6-8 june rbi policy meet (as given on web) with expectation of rate hike ..will it happen or not??
only for learning .not at all for trading.

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now 17800-900