Caution Ahead: Nifty 50 Approaching ATH with Bullish Pennant

Nifty 50 is forming a textbook bullish pennant, but caution is advised as this could be a potential trap. With the index nearing its all-time high, it's best to wait and trade cautiously. My overall outlook leans bearish, and if possible, staying on the sidelines might be the safest approach for now.