1) On daily time frame it has made cup and handle pattern breakout and sustaining it.
Please refer below chart.
2) On Daily time frame it has been taking support from trendline.
Please refer below chart....
sale for target 1370 and below
with stop 1500
disclaimer - trade @ own risk
BataIndia has made a descending triangle,upon breaking down 1270 level,then we will short it at this level.
Levels marked on chart. Wait for proper break.
SHORT NSE:BATAINDIA near 1230
Fake Double top with Bearish Divergence on 30 Min chart,
Sell Below 1700
with StopLoss: 1724
RSI CROSSOVER AT 70 LEVEL
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