IIT-Trader

NIFTY--Breakout or Fakeout??

NSE:NIFTY   Nifty 50指數
Nifty is trending higher and higher...
Closing is given above the ATH again,
If this is a breakout, in the next session it will continue its momentum higher again.
If it is a fakeout,buyers trapped in today's bullish move.
If a retest to the previous ATH Is given,and continues, go long, otherwise keep in short side, below the channel again.

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