Abhijit_Paul

BATAINDIA: Game of Divergences

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NSE:BATAINDIA   BATA INDIA
BATAINDIA is nicely stuck in between a set of classical reversal divergences at the top (red arrows) and with every low it confirms a positive hidden divergence or positive reversals (green arrows). Closing price at the erstwhile highs act as a good source of support, and as long as this holds one can expect a positive momentum. A break above recent high of 865, and we'll have the classical divergence negated for further upsides.

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