Reliance, Exhaustion Gap, shorting opportunity?

22 Jul 2018

RELIANCE has been on nice uptrend for the last few days, but looks like it may need to correct a bit before further progression.
The 20th candlestick has gapped up and with low volume. This pattern also seems to be a regular at the end of any uptrend for reliance, as can be seen on the circled areas.
The RSI has not increased proportionally since the last peak. Volume was also quite low when compared to the other gap up candles during the uptrend.

Perhaps a short correction down the 1070 levels is going to occur?

Edit: the chart on tradingview chart doesnt seem to show a gap, but other websites show a gap between the 19th and the 20th candles.