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.
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After breakout, 1073 to 1238 level today. Almost 15.5% in blue chip stock.