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Short 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.
#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...
#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...
#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...
if price fail to break resistance, then trend line can become support.
BATA INDIA BUY @1330 TGT1352/1366 SL 1322
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 ()
Simple trend signal BTA target: 0.00019200
I see that Bata made a 5 wave corrective pattern to the upside and an Ending Diagonal in wave 5. It has broken the down trend line and is in consolidation. A break out to the downside from this consolidation would mean Bata will go down to atleast 490 levels.