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Head and shoulder pattern Breakdown
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Head and Shoulders Pattern Breakout.
Now it looks exhausted at top by making Head And Shoulder Pattern. 1480-1460 is the Neckline Zone for H&S. Time to be careful for the Shareholders Of BataIndia.
If sustains below 1610 for the targets of 1575 and 1560 until 1635 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
BataIndia has made a descending triangle,upon breaking down 1270 level,then we will short it at this level.
Bataindia is on bearish trend, next target would be 1340.
Levels marked on chart. Wait for proper break.
Sell Bata Only below 1230 Target 1180.
Only for educational purpose
Sell Bata India Below 1230 Target 1180 Sl 1283
Can go short for given targets. If there's a pullback tomorrow then would get better RR.
Fake Double top with Bearish Divergence on 30 Min chart,
Sell Below 1700
with StopLoss: 1724
BATAINDIA-SELL BETWEEN 1410-1415. SL-1426 TGT-1400, 1386, 1370
don't forget to see what happened in next day and answer in comment if you like it,
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.
Lets see how it opens on 11.01.2019