Bata
BATAINDIA, Double Top bearish reversal |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 ()
Downside for BATAI see that Bata made a 5 wave corrective pattern to the upside and an Ending Diagonal in wave 5. It has broken the down trend line and is in consolidation. A break out to the downside from this consolidation would mean Bata will go down to atleast 490 levels.
