shiv2798

Trap or Stock Rebounding

NSE:TATACOMM   TATA COMMUNICATION
31 0 3
I just noticed that in 4 hour candle chart the price did brake out form its Box then rebound toward the Box , so weather bulls are taping the traders or the stock is actual rebounding
its big question
Comment: Start of New downward trend
Cheers it was trap when I saw few day back now its clear information it will head to downward Now
Cheers
Comment: Its normally called as Last kiss , when stock brakes out form consolidation range either side , it will travel back to the( same price last brake price ) touch it and confirm the brake out as strong and valid brake out , in this last kiss , the professional's will start selling , but armature who short the brake out at 1st phase will get trapped in the bulls trap , and have to face the extreme loss , Always wait for the retest in case of Brake up or brake down of consolidation range
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