Breakout V/s Fake-Out!

…Trading without Indicator Continued

Professional Traders & Large Institutions buy at a low price & sell at higher price. They create illusionary scenarios to lure retail traders/investors & trap them with temporary fall/rise in price. Let’s understand this with an example.  Let’s talk about Bank Nifty “Our Darling”.

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Here in this image, I have shared views on intraday pattern & this chart is of Bank Nifty (Dec Future), 5 Min TF as on 23 Dec 22.

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