Positional Trading opportunity ! Weekly Chart Alert !
Technical Reasons to trade :- 🧢
1> Range Breakout .
2> Huge volume as well
3> Accumulation is done
4> Retracement areas are shown through arrow.
5> Rsi divergence just for educational purpose | example
some fundamental supports :-
1>Bata India to Merge Subsidiaries
2>Bata India Says Unit...
On weekly, Price contracted beautifully and step wise. Volatility contracted which is eventually being followed by expansion.
Great quarterly results.
12 weeks flat base.
Upper trendline BO with volume.
Volume action in base suggests accumulation.
I had bought this at 74.00 accordingly to my analysis.
just sharing my analysis for your help :)
fundamental results are good for this stock.
In shorter timeframe,the stock has formed a descending triangle and had breakout after it.
For confirm uptrend,you can buy at 77.40.
----------------------all the other details are given in the...