Bata India Short
Bata India (28 May 2020)
CMP 1299.10
Double Top pattern confirmed. MACd and RSI going down. In the last 9 trading candles of 15 min 7 candles are sowing big sell volume, with the latest 15 min candle shrply showing high sell volumes. On a 15 min time basis the stock looks going downward towards 1265.
T1: 1288, T2: 1275, T3: 1265
SL: 1310
CMP 1299.10
Double Top pattern confirmed. MACd and RSI going down. In the last 9 trading candles of 15 min 7 candles are sowing big sell volume, with the latest 15 min candle shrply showing high sell volumes. On a 15 min time basis the stock looks going downward towards 1265.
T1: 1288, T2: 1275, T3: 1265
SL: 1310
Order cancelled
Stock opened at 1285 below the T1 target and then went down marginally by 2 points and then started trading upwards. SL was hit.
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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.