Action/Reaction Bollinger Band Setup

AR set is suggesting that price has reached the level where one can expect a reaction. We have seen bearish engulfing exactly at the level thus one can short the stock with SL of recent high. Price expectation 740/700.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed manually
Is the stock stopped?
What to do?
praveen.bhatiya, It is very close to SL I would have given little more room before closing the trade but the 4% up move today is not good for the setup.
Reply praveen.bhatiya
@praveen.bhatiya, then what to do sir?
Reply praveen.bhatiya
@praveen.bhatiya, and what u suggest the stoploss?
praveen.bhatiya, Close above 813.50(Fut), I would exit from the trade.
praveen.bhatiya, Revised SL to 809 on closing basis.
@Einstein15, Just found another good example of Gap CL. Please have a look
Einstein15 praveen.bhatiya
@praveen.bhatiya, Such a clean jump above the CL. But dosent the pivot need to be lower than the most recent swing low that breaks the CL ?
@Einstein15, Couldn't get your point. Please mark how do you think ?
Einstein15 praveen.bhatiya
@praveen.bhatiya, in this post--> scrolling down to the CEAT example, where you said " Dr Andrews has taught to take previous Low/High (for action line)"
so i guess i assumed that the pivot that we use to draw the Action line, has to be lower in this case than the pivot that breaks the CL

So in hindalco,i if price was to make the move like the green lines then point A is lower than the B which should be used for AL. is what i thought. Coz all this time i hv been looking for setups where there are swing lows that are lower than the leg that breaks the CL
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