higher highs and higher lows

Logic behind this trade:-
Form past few week the the nifty 50 is being bullish ,and subsequently creating new all time highs .these bullish moves has influenced the entire market therefore the above stock making a steady upward move may present us with a opportunity for long position

about the stock:-
the stock price is creating a classic higher high and higher low pattern .here it has broken the previous high and has retested therefore a long position is suggested