bearish diamond top formation

Feb 27, 2021

As shown on Bata india weekly chart, bearish diamond top formation is going on. As its name suggests .. it is bearish pattern. But price can again go up to resistance line ( 1600 ) and again move towards resistance line.

Mar 1, 2021

Note

looking like, new weekly candle starts with the support from support line of diamond. Chances are more that ... price will kiss resistance line in this week. that point is above Rs 1600 mark.

Mar 1, 2021

Note

price took support from supportline .... see last green gcandle

Mar 10, 2021

Note

Idea is published on Feb 27 & today is 10 th Mar. Price is within the pattern & respected supportline on 1 st Mar. One should study larger timeframe charts for accuracy