@ Priyanvada,
BALAJITELE
If you want to go long, this is not a safe entry because it is near a resistance. Yes, there are efforts to pierce through the resistance line(increasing volume and price spreads). If it pierces up through the resistance line, it will again "test" the resistance line(a downday on low volume). If the test is successful, enter long and you will see a rally within couple of days. Edit: I suggest you wait for the test because the last candle has a closing in the middle(indicative of supply dormant in the background).
Now for the spot marked as "1":
The price was pierced through the resistance on July 25 with high volume and price spreads. While many books say that this itself is a genuine breakout(because its coupled with high volume), an addon-test its genuineness is the next 2 days where price is falling on lower volumes. This means that there is no selling pressure and the professionals can conveniently start a rally.