False Breakout

It was false breakout given by the nifty.
Pushed into the trendline again. One can definitely short the market by keeping a SL exactly at trend point.
Prediction - Nifty can touch and hold 16650 and even more fall if nothing supports the market.
bearrunChart Patternsfalse_breakoutTechnical IndicatorsshortsetupTrend Analysis

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