fake breakout in nifty 50, how to identify fake breakout?

21 בינו׳ 2022

fake breakout in nifty50, price first come down to the previous day resistance, then... respect to the intraday resistance. but then not come down, instead of goes up and make a spike candle as a breakout. but not sustained and price fell down to the breakout.
it become false breakout.
always buy on breakout after a pullback to support.