Here is a tricky price action chart of Bharti Artil Ltd. stock. Please refer 5-minute chart of the same. Price opened with a bullish candle and made a 3-legged rise only to find resistance near ‘718’ level. ‘718’ level is a strong resistance zone, because a heavy bullish attempt had been nullified by sellers in this area. We can see that spike price action from last trading session.
The bearish candle marked in the chart above nullified its neighbor bullish candle and upheld pivot 'p' as resistance level then. From there price sluggishly fell down crossing 200-MA to reach pivot 's1'. I have marked short opportunity in the chart that occurred early in today’s session. But to commit money in such a messy hurdles filled area was highly riskier.