Chart of Bharat Electronics Limited is showing a failed breakout

🔍 1️⃣ Big Structure Phase 1: Range Formation ₹380 – ₹430 zone 👉 Long consolidation Phase 2: Breakout Attempt Price moved above ₹430 Strong bullish candles 👉 Looked like a clean breakout ⚠️ 2️⃣ What Actually Happened 👉 Breakout FAILED Signs: Immediate rejection from higher levels (~₹470) Strong red candle back inside range 💡 This is called: Bull Trap 🪤 🧠 3️⃣ Why This Is Dangerous 👉 Traders who bought breakout: Now stuck 👉 When price falls: They will panic sell 👉 That creates: Downside momentum 💥 4️⃣ Current Situation 👉 Price back near ₹430 Now: Critical Level: ₹425–430 support 📉 5️⃣ What Happens Next If breakdown happens: 👉 Below ₹425 Targets: ₹400 ₹380 👉 Full range retracement possible ⚡ 6️⃣ Trade Plan 🔴 Aggressive Entry Breakdown below ₹425 🔵 Safe Entry Retest of ₹425 after breakdown 🎯 Targets ₹400 ₹380 ❌ Stop Loss Above ₹440