Bata India Exited with ~6% Profits NSE:BATAINDIA
P.S.
- Sharing my chart study and not giving any reco.
- Education Purpose
BATAINDIA trade ideas
Bata India LongStock moving as expected :)
Time to trail SL and TGT :)
NSE:BATAINDIA
P.S. -
I am already invested in this script.
This is not recommendation, I am just sharing my study.
I am not SEBI registered.
BATA India Medium Term Break-Out TradeThe stock has broken out and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby including 200 EMA .
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zone and previously Lower Trendline and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a reversal.
BATAINDIABATAINDIA.. BATA DAILY VIEW WAVE BASE CORRECTION VIEWE 2 END 1480 LEVEL BEST TIME BUY FOR BATA INDIA FURTHER LEVEL UPSIDE 1800 2000 2200 SEEN....
BATA INDIA Bata india takes a beutiful support from it 400 ema go LONG above 1610 sl max 10rs
TARGET -According to pivot
fibronnaci support at this (Area of intrest)
CONFLUENCE TRADE
4 REASON FOR GO LONG
IF THE BREAKS THE GO FOR ANOTHER SCRIP DONT SHORT
BATAINDIA - Elliott wave analysis - ABC zigzag pattern It completed impulse cycle in 60 min time frame. The drop was wave A impulse, so sell the B wave bounce near 1640 or higher for C wave drop in ABC zigzag cycle.
BATA INDIA Daily BEARISH Crab On Type 1 Entry Earlier Pattern given good reaction & Hit TARGETS
now price is again in PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
BATAINDIA to make a down move soonNSE:BATAINDIA
While going up BATAINDIA created a big imbalance so it will clear it soon.
Bata IndiaBuy Bata India CMP 1632 buy range 1579-1600 stop loss 1300 Target 2550
( add if it comes back in triangle if there huge correction) Short term SL 1527
BATA INDIA Daily
Bullish CRAB
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
BATA - Ready for a up move?Crossed above 200 ema on daily chart. took support from long term trend line
bata india breakout and probably a retestbata showing breakout with good volume and probably a retest
BATAINDIA - Weekly - Swing TradeThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself. The analysis of BATA has been done couple of weeks ago as well. One can check that out in the "linked ideas".
BATA being the leader in its sector, one can also use this analysis for short to medium term investment.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on morning star pattern linked below.
Feel free to comment or message me for any kind of queries.
BATAINDIA - LONG SetupBATAINDIA has a small bullish flag structure in the daily chart but a big resistance trendline of last 5 months.
Closing above that trendline can give fresh BO and once BO is done
One can go LONG with strong 1300 SL as support on WCB
Chart Description:
- Small bullish Flag
- 5 Month strong trendline
- RSI at 50 levels (facing resistance)
