Shredskin
Short

Possible Move Down

NSE:BATAINDIA   BATA INDIA
Bata seems to finished or its about to finish the Flat corrective structure , after a down move. This pattern I am looking at is one of the simplest and common patterns that occur. Bata could also be in a complex correction- however there is not enough data to see a complex correction. This could mean that Bata could continue to move down for a retest of the recent 60 min lows and probably go beyond to make a lower low. Near term bias is to the downside. Buy at the current levels is probably not the best idea.
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