It is been observed that the price action breaks out from the downward trend line on hourly chart indication bullishness. The price action is moving up to 38.2% Fibonacci levels which is our Target 1 and once it breaks above it then it shall move further up to Target 2 of Fibonacci 50% levels.
It was almost touch to target based on your previous call. Great !
How does it look like now in Bata? Looks like nice support at 470 and on upside 505 can be seen. Please comment.
NeeteshJain
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Rightly said Dev, it is consolidating and now you can take sell initiative once it closes below 470 levels on daily chart or else take buy initiative once it closes above 488 levels. Regards
How does it look like now in Bata? Looks like nice support at 470 and on upside 505 can be seen. Please comment.