gunturusurya

BATA head and shoulders trend reversal pattern

Short
NSE:BATAINDIA   BATA INDIA
we can see the formation of head and shoulder pattern which is a trend reversal pattern in uptrend and the price is at neckline
and we can also see bearish dma crossover so we can see 3 green arrows at different levels which will act as S1, S2, S3 ,
S3 is a very strong one we can accumulate if price comes there (S3 is covid level)
or we can buy on dips at different support levels,
or simply we can buy when bullish dma crossover happens
for intradays look for candle stick patterns and use 3ema crossovers of 14, 21,50 with rsi & macd based on those support and resistance levels
disclaimer- trade at your own risk this is just my idea and view this is not an investment or trading call
thankyou for reading

Comments

if neck line breaks can go bearish
Reply
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