BATA INDIA - NR4 candle - breakout and reversal level

#BATAINDIA is moving down since announced the Q3FY20 results in Feb month. it is making lower low and stock is underperforming from benchmark and sectrol index as well treading down from all Moving average that also show down trend in stock.

Showing Bearish in Technical Parameter:
CCI in oversold zone
RSI is treading down
MACD is treading down below 0
Stoch in oversold zone
ATR is decreasing since 5 days.
New Short position created
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Support : 1224 and 1203
Breakdown : 1238 (OR Gap Down Opening)
LTP : 1251.85
Breakout : 1280 (OR Gap UP Opening)
Short Target : 1300
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Positive & Negative Point:
1) Very Bearish in Daily chart.
2) Very Bearish in Weekly chart
3) Neutral in Monthly Chart
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(Disclaimer: This is only for educational purpose and paper treading.)

Operación activa:

Breakout done and stock moved upward but was not able to hit Target due to bearish market. Stock closed above trendline resistance OR over breakout level.

Follow the same level for tomorrow 15 July 2020 treading