52 week highs and all time highs strategy

Sir, I have been reading this thread and trying to develop my understanding around “52 week highs and ATH strategy” and I must say this thread is helping me immensely. Thanks a lot for sharing so much of information. Much appreciated.

Now coming to the query that I have on Time Technoplast: The stock tried crossing ATH and managed to cross it as well (made a high of 233.90) however it could not sustain there and the weekly candles which are getting formed are looking somewhat bearish. Does this mean the breakout failed?

If we look at the daily chart, then there seems to be the possibility of either flag getting formed or it could be handle of the cup as well.

Thus as per my understanding (which is currently being built by reading this thread) –

1. The stock seem to be forming a good base (rounding bottom or cup & handle)
2. The volume were high during the upmove and it is falling with lower volumes.
3. The stock is trading near ATH level.
4. Fundamentally as well the company is doing good and expected to do good by increasing contribution of VAP, reduction of debt. etc.
5. The fundamental triggers were visible in the quarterly results as well.

So in such cases, what should be one’s approach? Should one wait for breakout to happen successfully or should one consider investing at these levels?

I am not seeing any investment advise by asking this question. The only purpose is to build the understanding of this “52 WH and ATH strategy”.

Thanks in advance for all your help and guidance to the fellow investors.