$BATA sell setup target 200dma and wedge lower end$BATA sell setup target 200dma and wedge lower end
BATAINDIA
SHORT : BATAINDIA NSE : BIG FALL COMING AFTER 52 WEEK HIGHBATAINDIA SHORT SETUP : FALL FROM 52 WEEK HIGH , SHORT AROUND 1270, 1250, TARGET : 1200, 1170 IN 1 WEEK(BEFORE 28TH FEB 2019.
BATA india priming itself for reversal chart is self explanatory and time for short is approaching this january 2019.....
Bata India weekly, Inv. Head & Shouldr pttrn with wave Target Bata Inda was in Range bond for almost 2 year from july 2015 to july 2017, in which price formed a very bullish Inverse Head&shoulder Pattern
On end of the July 2017 , its a gave a Positive Brekout from its NeakLine with good volume,;
Bata Weekly Outlook1.Resistance line was broken with strong upward move
2.Voulume is supporting the move
3.Enter on pullback towards support line
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.
