RiderTrader

Bata - Breaking out Cup

Long
NSE:BATAINDIA   BATA INDIA
Wait for the cup to cross. or a retrace after crossing too.

Broke out today with Volume and strong candle.
Wick is small in compared to body of candle.
100 Rs move possible being cup height.
Tomorrow will attempt to buy around 1345 for 1410 - 1420 as target
RSI and stochastic as per rules.
ATR is low

Watch for 1375 range being high for last 100 days
Comment: the last candle (28Th aug) took support on top of cup with reducing volume.
So strong. Still.

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