BATA INDIA : Trade Bearish Now
Updated
#BATAINDIA reversal started and today form the Inside candle with 7 day narrow range while ATR below 5. Today Stock closed on 20EMA critical level.
Showing MIX result in Technical Parameter:
CCI is treading down
RSI is treading down
Stoch is treading UP
ADX below 10
ATR is decreasing since 3 day
New Short
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Support : 1294 and 1290
Breakdown : 1299
LTP : 1304
Breakout : 1308
Long Target : 1311 and 1318
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Positive & Negative Point:
1) Neutral in Daily/Monthly and bearish in weekly chart
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(Disclaimer: This is only for educational purpose and paper treading.)
Showing MIX result in Technical Parameter:
CCI is treading down
RSI is treading down
Stoch is treading UP
ADX below 10
ATR is decreasing since 3 day
New Short
----------------------------------------------------------
Support : 1294 and 1290
Breakdown : 1299
LTP : 1304
Breakout : 1308
Long Target : 1311 and 1318
----------------------------------------------------------
Positive & Negative Point:
1) Neutral in Daily/Monthly and bearish in weekly chart
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
Trade closed: target reached
Hit the Bottom Target 1290
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