Bata India
Date : 09.07.2024
Bata India
Time Frame : Weekly
Remarks: Bata India has reached at most interesting point where support/resistance band + 200 ema + ascending triangle trendline have confluence. If any breakout from here will push for high momentum upside rally up to 15%-20%.
Remember so far same area has been a tough rejection zone based on ascending triangle pattern, therefore enter to trade after confirmation of breakout of daily basis or if any gap-up opening & open = low for first 15 mins
* "Trade & enter as per individual's risk appetite"
Regards,
Ankur
Bata India
Time Frame : Weekly
Remarks: Bata India has reached at most interesting point where support/resistance band + 200 ema + ascending triangle trendline have confluence. If any breakout from here will push for high momentum upside rally up to 15%-20%.
Remember so far same area has been a tough rejection zone based on ascending triangle pattern, therefore enter to trade after confirmation of breakout of daily basis or if any gap-up opening & open = low for first 15 mins
* "Trade & enter as per individual's risk appetite"
Regards,
Ankur
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.