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.
it become false breakout.
always buy on breakout after a pullback to support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.