#NIFTYBANK unusual trap going on with BNF?!
It opened with a gapup and remained there for a long time. then suddenly it falls 250 points around 12:45 to 1 PM. so it had hit my stop loss .
Then i took another trade.
then it recovers and pulls back and then falls another 200 points in one candle (but in less than 1 min). ths time i trailed stoploss and made a marginal profit.
Getting stuck at the top and then a sudden fall is called a beartrap (where u buy a trade on pullbacks and then bear attack takes down)
be careful guys, pls use stop loss.
All About Indices - chart - 8900356