pradumnasaraf

Reliance broke major Trendline( Bull Trap?? )

NSE:RELIANCE   RELIANCE INDS
As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near.
So the reason why I think its a Bull Trap- (Just my thought)
1) No negativity around it
2) Stock already corrected and consolidated a lot
3) Earning is near
4) Big player breaking down it for dip-buying.


This analysis is done only for educational & intelligence purposes, invest or trade at your own risk &
Comment: It's A BEAR TRAP NOT A BULL TRAP sorry for the typo