I mentioned a potential trade based on two reasons, i) 10700 is a round number and ii) Favourable risk-reward.
Of course, higher the time frame any pattern is considered to be more precise. In this case, Nifty has fallen from 10775. So for me, with potential reward of 75 pts with 10 or 20 pts as stop looks good any day.
Once we're half way through, say 10735/40 I'll just shift my stop to entry and sit and watch comfortably. On other hand Short if 10700 is broken down. Idea is to travel with the trend.