BATA Getting Ready for a Massive CRASH!
Ever since the Rally off the March lows, Bata as a stock has been struggling and massively underperforming Nifty. Clearly something is wrong here that means, possibly a Long Term Top in place and a BIG TREND CHANGE..... as its looking Quite Bearish on the Weekly & Monthly Charts too.
Now coming to my Short Term Bearish view as per Daily Charts:
- You can see a Clear RSI Bearish Divergence
- MACD crossover sell signal alreafy generated, MACD too is showing a bearish divergence
- Price is below Key Anchored VWAP levels
- Head & Shoulder reversal pattern forming, Lower Highs and Lower Lows
- Target headed to 1150 levels by October expiry
- DO NOT GET BULL Trapped in this Stock, its extremely weak (ON THE VERGE OF BREAKING A KEY MONTHLY TREND LINE TOO!)
Stay Safe and avoid Longs in Bata if you don't want to Short :)
Now coming to my Short Term Bearish view as per Daily Charts:
- You can see a Clear RSI Bearish Divergence
- MACD crossover sell signal alreafy generated, MACD too is showing a bearish divergence
- Price is below Key Anchored VWAP levels
- Head & Shoulder reversal pattern forming, Lower Highs and Lower Lows
- Target headed to 1150 levels by October expiry
- DO NOT GET BULL Trapped in this Stock, its extremely weak (ON THE VERGE OF BREAKING A KEY MONTHLY TREND LINE TOO!)
Stay Safe and avoid Longs in Bata if you don't want to Short :)
Trading ditutup secara manual
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.