Breakout by Bluechip #bbb

AkshayAdak Updated   
Breakout by Bluechip #bbb
HCLTECH gave breakout from this pattern with avg . volume and we saw a retest with good volumes.
High volume than the breakout candle.
This is not a good indication.
Retail traders may get trap at higher levels.

Waiting for the strong indication of bullish trend is the best option for now.
Nifty is near all time high.
I will not expect higher target at this levels.
But thinking to capture a small swing scalp with strict stoploss.

This post is for information purpose only.
Comment: After breakout, 1073 to 1238 level today.
Almost 15.5% in blue chip stock.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.