False breakout

Today Nifty 50 and Bank Nifty had false breakout.

• The market initially exhibited an upward trend by touching the Critical Price Range (CPR), indicating a positive trajectory.
• However, this turned out to be a major trap, catching many traders off guard and potentially triggering their Stop Loss (SL) orders.
• In just one candle, the Nifty index plummeted by 280 points.
• This sharp decline resulted in an overall fall of around 360 points.

Note: This is only in my view.