Bata (Still holding inside the zone)
Bata is carried forward from the previous week. It did not do anything but was moving within the zone through a turbulent week. This week it should possibly give a breakout from the triangle and might give a possibility of a good trade.
The market's are looking weak but the ongoing spike in volatility is not letting the prices decide a direction. With the US elections approaching expect the markets to remain this way, however a possibility of a second lockdown in Europe even though it looks grim can cause the investors sentiment to turn negative and spark a sell off.
Maintain your positions accordingly and never leave your positions open and unhedged if you aren't confident.
The market's are looking weak but the ongoing spike in volatility is not letting the prices decide a direction. With the US elections approaching expect the markets to remain this way, however a possibility of a second lockdown in Europe even though it looks grim can cause the investors sentiment to turn negative and spark a sell off.
Maintain your positions accordingly and never leave your positions open and unhedged if you aren't confident.
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