S/R levels marketed for long term view.
Possible strong support seen at those level.
FOLLOW TRADE AT YOUR OWN RISK
IT HAS ALREADY BREACHED 3 PRIMARY HARMONIC LEVELS FINAL IS AT D IT WILL HIT IT AFTER THAT 2 OTHER TARGETS ARE GIVEN
BATA INDIA - SHARK Probability of temporary bounce is on cards from shark prz zone.
At 1119 the RSI was at 83-84 & now at 1276 the RSI is around 75 shows a clear sign of overvaluation & also steeper the climb faster is the downfall. Short @ 1280-1300 & for a T1 of 1080 & T2 of 850.
FOLLOW TRADE AT YOUR OWN RISK
Buy Bata at present levels for targets 1853 and 1906.
****INTRADAY*** long above 1803, SL 1787 Target 1822/1834 short below 1780, SL 1798 Target 1764/1751 ***POSITIONAL*** FOR NEARING RESULTS, WHICH CAN BE VERY GOOD LONG ABOVE 1815, SL 1790 TARGET 1856/1870
LET THE CANDLE BE CLOSED ABOVE OR BELOW RED LINES TO GO SHORT AND LONG GOOD LUCK TRADE AT YOUR OWN RISK
SELL BELOW TRENDLINE TARGET MAKRED
BATA INDIA IS RESPECTING CHANNEL LINE MAX IT CAN TOUCH IS UPPER CHANNEL LINE YOUR STRICT STOP LOSS IS PINK LINE ON CLOSING BASIS USE 1 DAY CANDLE
Bata India breaking weekly and daily support likely new highs to be form 1870+ No buy/sell recommendation