BATA - Breakout on Monthly Chart - Long term Investment
BATA india seems week RSI showing negative divergance in daily time frame made EVENING star candle at top in daily time frame given double top pattern at daily time frame/weekly time frame
Bata India has given a breakout with good volume levels , Target 1 = 7% , And If it breaks The All Time High 15-17% Can Be the Next Target . Closing Below 44MA can be the stop loss for this setup. Fundamentally the company seems good , But had Taken a hit due to lockdown this year and now is in a recovery phase.
Buy Bata india target 🎯 1800 because it is on its major Resistance.
NSE:BATAINDIA BATA INDIA GIVING A BREAK OUT OF RESISTANCE POINT AND NOW MOVING UP FOR TARGET OF 1700++ ONE CAN DEFINETLY BUY THIS FOR AMAZING RETURN IN SHORT TERM
cup and handle setup this is good setup , very reliable textbook theory , C&H works because the shape formation speaks a lot about the stock price action no matter how trader or operator manipulate , whats really matter is the results and earning that takes the price to new high
NSE:BATAINDIA P.S. - Sharing my chart study and not giving any reco. - Education Purpose
The 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...
Buy 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
1hr- converging averages- buy above 1380
Crossed above 200 ema on daily chart. took support from long term trend line
The 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...
BATAINDIA 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)
NSE:BATAINDIA Please prefer to notes given on chart. || Ambadnya || Thanks !!!!!
The 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. BATA being the leader in its sector, one can also use this analysis for short to medium term...
BataIndia, 60 Min Chart Bullish RSI Divergence With Trendline Breakout All the key levels are mentioned in chart Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
Hello trading friends, BAT Shows a possible trend for a breakout. with price target above 127 usd