Short term correction possible
BATAINDIA rallied sharply from a point and
1) formed weak consolidation pattern
2) With RSI divergence
3) And also broke a small falling wedge breakout.
4) Weekly and daily candles are showing strong selloff
There is a possibility that it will revist the level where it witnessed sharp buying (because of corporate tax cut announcement) to gain strength again.
1) formed weak consolidation pattern
2) With RSI divergence
3) And also broke a small falling wedge breakout.
4) Weekly and daily candles are showing strong selloff
There is a possibility that it will revist the level where it witnessed sharp buying (because of corporate tax cut announcement) to gain strength again.
Trade active
So far so good..Note
Giving another opportunity for entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.