Bearish Abandoned Baby pattern after the uptrend is indicating the potential reversal at this level. The pattern is quite reliable and candlesticks offer good early entry with affordable SL so my mates can use it for their trading. RSI is also coming out of overbought region confirming the weakness. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
@AbhiShek.ramganga, Gaps works as support and resistance in my experience.
praveen.bhatiya
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@AbhiShek.ramganga, Even the last bar on 13.07 has gap down opening and closed below so that may work as Resistance.
abhishek.ramganga
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@Praveen.bhatiya, thanks for the reply Praveen ji, just to understand if one has a short position or long was shud one do...
praveen.bhatiya
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@AbhiShek.ramganga, you are right one should do good home work prepare for get ready for all possibilities. Making a trade plan beforehand helps in execution.