This stock is continuously falling from last few weeks...
Now price is near to its demand zones, we have back to back demand zones near by.
If demand zone at 1420 level fails, then look for buy at 1320.
Look for long in this stock from demand zones.
On the opposite side, trendline is pushing the price downwards...A strong break will observe after a break above...
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 ! ! !
Price has reacted to a Strong Weekly Supply in the left,
Price has violated a Daily Demand and is currently in a Fresh Daily Supply hence Short position;
ENJOY THE RIDE !!!
BATAINDIA is trading near support zone in 15 Min TF
wait till 2-3 candle formation and trade based on candlestick patterns,.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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 ()
