Abhijit_Paul
Education

BATAINDIA: Game of Divergences

NSE:BATAINDIA   BATA INDIA
BATAINDIA is nicely stuck in between a set of classical reversal divergences at the top (red arrows) and with every low it confirms a positive hidden divergence or positive reversals (green arrows). Closing price at the erstwhile highs act as a good source of support, and as long as this holds one can expect a positive momentum. A break above recent high of 865, and we'll have the classical divergence negated for further upsides.

Comments

sir any breakout will decide the direction? 820 on lower side and 860 on higher side... right?
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Abhijit_Paul AnuragSaraogi
@AnuragSaraogi, and what a breakout we had
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AnuragSaraogi Abhijit_Paul
@Abhijit_Paul, yes sirholding and trailing... gap up above resistance was the trigger...
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Abhijit_Paul AnuragSaraogi
@AnuragSaraogi, ride the trend
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