BATAINDIA MADE SPINNING TOP CANDLE RSI,ADX SHOWING NEGATIVE DIVE

BATAINDIA MADE SPINNING TOP CANDLE RSI = 72 , ADX SHOWING NEGATIVE DIVERGENCE. SPINNING TOP ARE SIGN OF INDECISION IN THE MARKET BECAUSE THE LONG UPPER AND LOWER SHADOWS. THIS INDECISION CAN BE THE SIGN OF UPCOMING TREND REVERSAL AND PRICE TOUCH UPPER BAND OF PRICE ACTION , I THINK IT WILL TOUCH 21 EMA = 1177 , THIS VIEW FOR THIS FEB CONTRACT
FIRST TARGET= 1208
SECOND TARGET= 1177

Commento:

KINLDY AVOID BATA INDIA