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..
Comment:
Giving another opportunity for entry