BATA INDIA BULLISH HARMONIC BAT PATTERN PRZ NEAR 1420-1375
BATA INDIA is an interesting chart with following
1. Bullish Harmonic BAT Pattern under formation on weekly chart
2. Price Reversal Zone as per Pattern is near 1420 - 1375 (below 1350 pattern fails)
3. Dozi formed on weekly chart with huge volume.
4. can be a good contra buy on dips with Low risk Reward as next resistance on upper side is at 1590-1610-1660 which can act as good targets. one can wait for price confirmation to go long or can aggressively add on dips as per one's own risk and reward analysis.
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Bullish Harmonic BAT Pattern under formation on weekly chart
2. Price Reversal Zone as per Pattern is near 1420 - 1375 (below 1350 pattern fails)
3. Dozi formed on weekly chart with huge volume.
4. can be a good contra buy on dips with Low risk Reward as next resistance on upper side is at 1590-1610-1660 which can act as good targets. one can wait for price confirmation to go long or can aggressively add on dips as per one's own risk and reward analysis.
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.