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.