After a sustained uptrend BataIndia looks weak at top. Stock after touching 1163.65 (which is 100% Fibonacci extension from the SPL of 1075) looking set to reverse its trend. Its giving divergence as per stochastic and all set to test 1138/1126/1114/1097 levels on near to medium term. Today also stock tested 1138.7 which is its 38.2% Fibonacci retracement. Its...
The 4-hour chart of EUR/USD indicates that the pair is currently in downtrend.
The pair made a strong downside move and it is currently at support levels of 1.15108.
Also, stochastic indicator is showing a divergence, which indicates a subsidised momentum.
Hence we can expect the counter to be bullish until it reaches the target of 1.15553.
Mutiple bearish divergences in stochastics as well as negative MACD crossover makes NSE:RBLBANK as 'SELL' cadndidate!
Short NSE:RBLBANK tomorrow with a target of 507(t1), 501(t2) & 496(t3). A stop loss of 517.3 is highly recommended.