Bata India

Date : 09.07.2024
Bata India
Time Frame : Weekly

Remarks: Bata India has reached at most interesting point where support/resistance band + 200 ema + ascending triangle trendline have confluence. If any breakout from here will push for high momentum upside rally up to 15%-20%.

Remember so far same area has been a tough rejection zone based on ascending triangle pattern, therefore enter to trade after confirmation of breakout of daily basis or if any gap-up opening & open = low for first 15 mins

* "Trade & enter as per individual's risk appetite"

Regards,
Ankur