BATAINDIA trade ideas
Bata Short with R:R 4.5Bata looks like it may pull a leg down to 0.618 fib level. Possible sell off ahead of earnings.
Pattern : Rising wedge
Bata India - Parallel channelBata India in value area from around 27th March till date. Good trading points.
Timeframe: 15 min
Value area High 1287.2
Value area low 1155.95
POC 1221.15
SHORT can be done at High with Target POC.
LONG can be done at Low with Target POC.
Trade can be based on candle rejection at Value high (long upper wick) and Value low (long lower wick).
This is purely for my educational purpose and not a trading advise. Please trade at your own risks.
BATAINDIA, Double Top bearish reversal |We can see a 11% drop in BATAINDIA within this week;
This pattern will be confirmed once price breaks the neckline.
Refer to this educational post about Double Top pattern ()
SPOT: SHORT 1165-1160, SL 1192 TARGET 1124 INTRADAYSPOT: SHORT 1165-1160, SL 1192 TARGET 1124 INTRADAY
BATAINDIA LongBATAINDIA is been testing the strong support multiple times at 1120, Can reach the target of 1300-1450 shortly.
BATA INDIA STRONG FUNDAMENTAL AND HAS TAKEN STRONG SUPPORT YOU WANT TO HOLD SOME STOCK FOR THE PERIOD LET SAY TILL FOR FINANCIAL YEAR THEN WE CAN SEE SOME MASSIVE MOVE IN BATA INDIA ,
FUNDAMENTAL IS TOTALLY PERFECT
TECHNICALLY STOCK HAS TAKEN VERY STRONG SUPPORT AT 1614 LEVEL ,
SO, YOU CAN HOLD FOR THE TARGET 1760 OR 1875
Bata India - Bearish Bias - Can Short at current levels.Bata India - Bearish Bias - Can Short at current levels.
BATA PRZ ACTIVE @1718DISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
BATA INDIAAs per chart we have seen negative divergence in daily chart, once break trend line we will go on short.
May long near Trendline Can u see the retracement? SOmeone may long near the trendline. wait for price rejection near the trendline.
BUY BATA INDIA Prices have taken support at 20 MA on weekly chart. RSI on weekly chart has also crossed 60 mark showing further signs of strength in the counter.
BATA INDIA can be bought at current levels with time horizon of 2-3 months with stop loss below 1620 level. Prices are likely to cross all time high soon and can head towards 2000 level.
BATA INDIA Breakout with very good volumeBATA INDIA currently in up trend and given breakout from triangular consolidation may result in very good momentum trade
Bata India Triangle is formed in daily time fame, Trade after the breakout with one hour candle confirmation, and also consider nifty trend
