vaibhav14476

bearish diamond top formation

NSE:BATAINDIA   BATA INDIA
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.
Comment: 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.
Comment: price took support from supportline .... see last green gcandle
Comment: 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

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out