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BATA INDIA LTD

NSE:BATAINDIA is sitting on a critical trendline

By vinaysraj
Updated
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.
Trade active
Sell/short activated. 2% down since breaking the trendline.
bataanalysisBATAINDIASupport and ResistanceTrend Lines
vinaysraj
Ideas for educational purposes only.

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