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BATA INDIA LTD

bearish diamond top formation

Oleh vaibhav14476
Diupdate
As shown on Bata india weekly chart, bearish diamond top formation is going on. As its name suggests .. it is bearish pattern. But price can again go up to resistance line ( 1600 ) and again move towards resistance line.
Catatan
looking like, new weekly candle starts with the support from support line of diamond. Chances are more that ... price will kiss resistance line in this week. that point is above Rs 1600 mark.
Catatan
price took support from supportline .... see last green gcandle
Catatan
Idea is published on Feb 27 & today is 10 th Mar. Price is within the pattern & respected supportline on 1 st Mar. One should study larger timeframe charts for accuracy
Chart Patternsdiamondtop
vaibhav14476
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