Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 600 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
Price is coming from a Daily Supply has given a pullback in upward direction will continue the downtrend till reaces the Daily Demand. Price will shoot to 1530 once it has reached the Daily Demand, hence the Exit is critical.
ENJOY THE RIDE ! ! !
BataIndia, 60 Min Chart
Bullish RSI Divergence
With Trendline Breakout
All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Short Term Stock Option Buy BATAINDIA AUG CE 1300.00 @47-49 SL 27 TGT 86
ABOVE VWAP + TK cross over + MACD cross over + good volume buy so upside looks evident GO LONG.
#BATAINDIA is moving down since announced the Q3FY20 results in Feb month. Today created the NR7 candle and performed the breakout of privious NR7.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
Stoch is treading UP
DI+ crossed above DI-
PSAR indicating bullish
New...
#BATAINDIA is moving down since announced the Q3FY20 results in Feb month. it is making lower low and stock is underperforming from benchmark and sectrol index as well treading down from all Moving average that also show down trend in stock.
Showing Bearish in Technical Parameter:
CCI in oversold zone
RSI is treading down
MACD is treading down below 0
Stoch in...
We can see a 11% drop in BATAINDIA within this week;
This pattern will be confirmed once price breaks the neckline.
Refer to this educational post about Double Top pattern ()
NSE:BATAINDIA is basically on a trendline that extends from June 2019 highs to today. This is a critical prize zone for BATAINDIA. Any closes below the trendline on a daily basis will signal a Sell/Short and a strong bounce will a candlestick pattern like a bullish engulfing will signal a low risk Buy with the Stop loss being below the swing low.
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