BATAINDIA Down to its major support ??!!
Updated
Chart patterns suggests the above opinion...
1. It is travelling in a 7 year channel pattern from 2015.(red and green line)
2. I noticed the shorting possibility at the purple trendline breakdown...forgot to add the idea here.
3. Now, it has formed a beautiful bearish flag and given breakdown again(giving a target downside to roughly 130points)
4. Target can be the Green line support down.
5. SL - 1730 (safer)....bit risky SL- 1758.25
Let's see whether it's going to take or break the support!!!
Note: just sharing my view....neither a tip nor advice!!!
1. It is travelling in a 7 year channel pattern from 2015.(red and green line)
2. I noticed the shorting possibility at the purple trendline breakdown...forgot to add the idea here.
3. Now, it has formed a beautiful bearish flag and given breakdown again(giving a target downside to roughly 130points)
4. Target can be the Green line support down.
5. SL - 1730 (safer)....bit risky SL- 1758.25
Let's see whether it's going to take or break the support!!!
Note: just sharing my view....neither a tip nor advice!!!
Note
going good...with volumeTrade active
Note
Moving as per levels.Note
Soon to reach our levels....Trade closed: target reached
1620 reached....let's see whether its breaks or reverse!!!Note
Short covering going on...we need clear candles to confirm a reversal...Note
Still not confirmed of the reversal....we need to wait!!Trade active
WEEKLY BREAKDOWN of the 7 year major support!!!Note
1480 - 0.618 level fib can be our 1st Target
Note
1480 target done!!!1330 strong support down!!!!
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