Hello @hitesh2710 sir, request your guidance to understand false break out.
Attaching price movement of Symphony after your post. On weekly basis, chart broke the resistance around 1215 with very good volume it was above 1215 for a week. However, next week it closed below the resistance. Following 2 weeks it tried to cross the resistance but failed to cross it, however, volumes are getting dried-up.
Is it investor who would have trapped in last two top migth be trying to exit? or this is case of possible false breaout? or is there something else we should look for before concluding false break-out?
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