BATAINDIA swing long idea
Updated
The fundamentals and market share of the company are good.
Recently
BATAINDIA has been mentioned in various newsletters and news channels, which indicates possibly a big player is going to have a block sell soon.
After the recent rally and follow-up retracements, if the share does not fall below 1416 - With sustained volumes and RSI values.
We can go long on BATA for a minimum 20% upside.
If levels of 1384 break, one can directly buy At the Money PUT for BATAINDIA and have at least a 10% upside there.
*Educational view*
Recently
BATAINDIA has been mentioned in various newsletters and news channels, which indicates possibly a big player is going to have a block sell soon.After the recent rally and follow-up retracements, if the share does not fall below 1416 - With sustained volumes and RSI values.
We can go long on BATA for a minimum 20% upside.
If levels of 1384 break, one can directly buy At the Money PUT for BATAINDIA and have at least a 10% upside there.
*Educational view*
Note
Trail SL 1469Note
Trail SL 1600Trade closed manually
Trailing SL hit on 28th sept'23
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