OmiFX8

Nifty: Teasing breakout

NSE:NIFTY   Nifty 50 Index
I can see Nifty probing the upper edge of the contracting triangle on the 4-hour chart, Of course, a breakout would imply a continuation of the rally. But if you are going long, keep trailing stop loss, as are at record highs and in such situations continuation patterns are often short-lived or act as bull traps.

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