Bata India (28 May 2020)
CMP 1299.10
Double Top pattern confirmed. MACd and RSI going down. In the last 9 trading candles of 15 min 7 candles are sowing big sell volume, with the latest 15 min candle shrply showing high sell volumes. On a 15 min time basis the stock looks going downward towards 1265.
T1: 1288, T2: 1275, T3: 1265
SL: 1310
CMP 1299.10
Double Top pattern confirmed. MACd and RSI going down. In the last 9 trading candles of 15 min 7 candles are sowing big sell volume, with the latest 15 min candle shrply showing high sell volumes. On a 15 min time basis the stock looks going downward towards 1265.
T1: 1288, T2: 1275, T3: 1265
SL: 1310
Order cancelled:
Stock opened at 1285 below the T1 target and then went down marginally by 2 points and then started trading upwards. SL was hit.