BATA INDIA
Updated
Self Explanatory chart.
Breakout from the Triangle and falling Wedge.
Now a fresh rally has started in the Parallel Channel. Keep riding the stock in the channel.
Stop Loss should be just below the channel when the stock breaks the channel on the downside.
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Breakout from the Triangle and falling Wedge.
Now a fresh rally has started in the Parallel Channel. Keep riding the stock in the channel.
Stop Loss should be just below the channel when the stock breaks the channel on the downside.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
Note
Stock broke the channel on the lower side.Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses if bought today and prevent yourself from further unpredictability.
No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Disclaimer
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