BATA INDIA LTD
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BATAINDIA Down to its major support ??!!

530
Chart patterns suggests the above opinion...

1. It is travelling in a 7 year channel pattern from 2015.(red and green line)
2. I noticed the shorting possibility at the purple trendline breakdown...forgot to add the idea here.
3. Now, it has formed a beautiful bearish flag and given breakdown again(giving a target downside to roughly 130points)
4. Target can be the Green line support down.
5. SL - 1730 (safer)....bit risky SL- 1758.25

Let's see whether it's going to take or break the support!!!

Note: just sharing my view....neither a tip nor advice!!!
Nota
going good...with volume
Dagangan aktif
Nota
Moving as per levels.
Nota
Soon to reach our levels....
Dagangan ditutup: sasaran tercapai
1620 reached....let's see whether its breaks or reverse!!!
Nota
Short covering going on...we need clear candles to confirm a reversal...
Nota
Still not confirmed of the reversal....we need to wait!!
Dagangan aktif
WEEKLY BREAKDOWN of the 7 year major support!!!
Nota
syot kilat

1480 - 0.618 level fib can be our 1st Target
Nota
1480 target done!!!
1330 strong support down!!!!

Penafian

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