BATAINDIA trade ideas
Bataindia - Falling wedgeBataindia has falling wedge with rsi and macd positive divergence. targets on chart...
R-0139 Don't have BATA SHOE don't worry time to buy BATA STOCKShort Term Stock Option Buy BATAINDIA AUG CE 1300.00 @47-49 SL 27 TGT 86
ABOVE VWAP + TK cross over + MACD cross over + good volume buy so upside looks evident GO LONG.
BATA INDIANSE:BATAINDIA
The way it has been consolidating near the support and reversing from there, it looks good for upside of 1273 and if sustains brace for 1295.
If it does not, then it may slip to 1230
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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BATA INDIA : Trade Bearish Now#BATAINDIA reversal started and today form the Inside candle with 7 day narrow range while ATR below 5. Today Stock closed on 20EMA critical level.
Showing MIX result in Technical Parameter:
CCI is treading down
RSI is treading down
Stoch is treading UP
ADX below 10
ATR is decreasing since 3 day
New Short
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Support : 1294 and 1290
Breakdown : 1299
LTP : 1304
Breakout : 1308
Long Target : 1311 and 1318
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Positive & Negative Point:
1) Neutral in Daily/Monthly and bearish in weekly chart
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(Disclaimer: This is only for educational purpose and paper treading.)
BATA INDIA - Gap UP opening and form NR7 candle with near doji#BATAINDIA is moving down since announced the Q3FY20 results in Feb month. Today created the NR7 candle and performed the breakout of privious NR7.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
Stoch is treading UP
DI+ crossed above DI-
PSAR indicating bullish
New Long
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Support : 1295 and 1272
Breakdown : 1303
LTP : 1316
Breakout : 1324
Short Target : 1346 and 1360
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Positive & Negative Point:
1) Neutral in Daily/Weekly/monthly chart
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(Disclaimer: This is only for educational purpose and paper treading.)
Crossing trend lineA good trade near support, I don't think this will go down except market doesn't crash
R-0036 BUY BATAINDIA CMP 1302 SL 1280 Target 1320-1340About to break cloud on the upside and already supported by cross over.
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.)
BATA IndiaKeep on eye on BATA INDIA which has a very good support at 1240. if breaks can expect till 1140
BATAINDIAIt has bounced back from a major support, and again closed above another support. It can be a long above 1300 with stop loss of 1295 for 1320, 1330, and 1344.
Option chain too showing some bullishness in coming days.
