Breakout happened with high volume, But it keeps on failing for the last 2 days. One can confirm after the next candle. I am shorting this trade after two days.
Detailed suggestions and perspectives are welcome
Eventhough @Biocon shows good move, It can be pulldown if it didn't get buyers(demand). I mean there are 80% chances for fail breakout. To confirm it, short if the price closes below red line and if it shows less volume(less interest).
Breakout happened in HCL tech, And right now retest is happening. Look @ the chart
One should wait for 5 to 6 more candles then take a position (Short)
If there is any suggesting, Comment let's discuss.