1. the price has already topped for now
2. the stock has been in an uptrend and it is very bullish
3. just now it has gone past the previous high so dont take the entry immediately now as breakout, most probably your stop loss will get hit with no valid strong support or low below
4. wait for the price to make a pullback and come to at least the 0.5 level or the OB which is a very probably point for taking entry
5. else go into the 1 hour time frame and then check for the choch and then take the entry in case of a pullback in the daily time frame
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