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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