At 1119 the RSI was at 83-84 & now at 1276 the RSI is around 75 shows a clear sign of overvaluation & also steeper the climb faster is the downfall. Short @ 1280-1300 & for a T1 of 1080 & T2 of 850.
Trade closed manually:
I was completely wrong about my interpretaion in the above idea. I forgot about the most basic underlying of Bata being a consumer stock.