NSE:BATAINDIA Observation: 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. ---------------------------------------------- Trade Setup for Date 30-08-2021: 1) Don't Jump in to trade at the...
sale for target 1370 and below with stop 1500 cmp 1450 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 SL 1250 TGT 1200/1175/1160
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.
Fake Double top with Bearish Divergence on 30 Min chart, Sell Below 1700 with StopLoss: 1724 TGT1: 1678 TGT2: 1655
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