Bata (Breakout Ready ?)
Bata has been forming a triangle pattern and has been consolidating further in a smaller time frame (Look at the chart in 15 minutes for the last week). With uncertainty surrounding the Equity markets as a whole and some uncalled movements seen in the last few days it would be very hard for anyone to be able to guess the side of the breakout. However a strong movement should be expected when the breakout happens. If the markets keep going up and the breakout happens towards the upper end then it might even break the high it made on the 3rd of June.
However Volatility has been increasing as well because of upcoming US elections. We can further expect some wild movements to happen so plan your trade accordingly even if the breakout happens.
Should be interesting. Keep an eye.
However Volatility has been increasing as well because of upcoming US elections. We can further expect some wild movements to happen so plan your trade accordingly even if the breakout happens.
Should be interesting. Keep an eye.
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