TradingView
Abhijit_Paul
Jul 10, 2018 9:07 AM

BATAINDIA: Game of Divergences Education

BATA INDIANSE

Description

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
UnknownUnicorn573436
sir any breakout will decide the direction? 820 on lower side and 860 on higher side... right?
Abhijit_Paul
@AnuragSaraogi, and what a breakout we had
UnknownUnicorn573436
@Abhijit_Paul, yes sirholding and trailing... gap up above resistance was the trigger...
Abhijit_Paul
@AnuragSaraogi, ride the trend
More