GMR Infra was in a perfect downtrend which got broken on the last day. So if the high of that candle is broken again on Monday then we can buy with a stop loss as per Bounce Theory.
The reason for not immediately buying is - It can be a fake out. In other technical terms, this pattern is also known as double bottom.
The reason for not immediately buying is - It can be a fake out. In other technical terms, this pattern is also known as double bottom.
Comment:
Not triggered :)
Comment:
GMR Infra was not triggered at all. As we feared, it was fake out!
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