Bata India Long
Points considered:
Bata India is trading in a downward channel from the November 2021 and is at the lower edge of channel which can act as support.
RSI is in oversold range and cross-over can be expected in near time.
MACD histograms indicating weakness in bearish trend.
Long position can be opened with SL at the channel support.
Increased volume seen in recent days.
Bata India is trading in a downward channel from the November 2021 and is at the lower edge of channel which can act as support.
RSI is in oversold range and cross-over can be expected in near time.
MACD histograms indicating weakness in bearish trend.
Long position can be opened with SL at the channel support.
Increased volume seen in recent days.
Nota
Currently trading in a accumulation zone, breakout about 1430 levels can lead a rally towards 1457 & 1620 levels.s3.tradingview.com/snapshots/1/1o2MYfKS.png
Trade fechado: objetivo atingido
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.