BATA INDIA LTDLong
BataIndia
Updated
Price is under falling channel with RSI showing +ve divergence
It has also closed above 20dema after 76 session with good volumes and as per VSA analysis, even though volumes were higher candle stick spread is very small and this has appeared in a downtrend. It can be sign of smart accumulation here and breakout above 1450 could trigger good short covering.
Daily Bollinger band has also become narrow and has got a potential of band blast on daily tf
Keep this setup in radar.
It has also closed above 20dema after 76 session with good volumes and as per VSA analysis, even though volumes were higher candle stick spread is very small and this has appeared in a downtrend. It can be sign of smart accumulation here and breakout above 1450 could trigger good short covering.
Daily Bollinger band has also become narrow and has got a potential of band blast on daily tf
Keep this setup in radar.
Note
#BataIndia is getting more ripe Note
BataIndia from 1416 to 1590+ so far
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