TRAP DONE! Now ready for directional move..?

6 במרץ

As we can see NIFTY broke below the ascending triangle pattern in smaller time frame and showed directional move in first half but recovered strongly in the second half which shows the immense buying pressure of the bulls and every dip is being bought! Hence the breakdown could be a possible trap to which a further continuation of upmove can be witnessed above our given level so plan your trades accordingly.