BATA - Short - Descending triangle breakdownBata is consolidating around the support and shown a sign of breakdown.
BATAINDIA trade ideas
Bata India is about to breakout. Bata India is about to give a fresh breakout.
Target for upside is 1500-1700
Bata (Still holding inside the zone)Bata is carried forward from the previous week. It did not do anything but was moving within the zone through a turbulent week. This week it should possibly give a breakout from the triangle and might give a possibility of a good trade.
The market's are looking weak but the ongoing spike in volatility is not letting the prices decide a direction. With the US elections approaching expect the markets to remain this way, however a possibility of a second lockdown in Europe even though it looks grim can cause the investors sentiment to turn negative and spark a sell off.
Maintain your positions accordingly and never leave your positions open and unhedged if you aren't confident.
Bata (Breakout Ready ?)Bata has been forming a triangle pattern and has been consolidating further in a smaller time frame (Look at the chart in 15 minutes for the last week). With uncertainty surrounding the Equity markets as a whole and some uncalled movements seen in the last few days it would be very hard for anyone to be able to guess the side of the breakout. However a strong movement should be expected when the breakout happens. If the markets keep going up and the breakout happens towards the upper end then it might even break the high it made on the 3rd of June.
However Volatility has been increasing as well because of upcoming US elections. We can further expect some wild movements to happen so plan your trade accordingly even if the breakout happens.
Should be interesting. Keep an eye.
Bata can change its trend from current levelsBata has made a divergence on RSI and can change its trend
Bata good long candidateBata cmp 1330
Bearish bat pattern formation (pre assumption)
Bearish AB = CD pattern formation ( pre assumption)
Symmetrical triangle pattern formation,,
48 trading days time cycle,,
Buy around 1300 levels or safe buy above 1370 levels,,
view gets negated below 1260 levels,,,
up side 1450-1500-1550-1600-1650-1700
Buy Bata india for intradayBuy Bata india on basis of Harmonic Pattern
1. Bat Pattern Completion
Stop and Target are as mentioned in the chart.....
Bata Bullish buy at CMP for Small gains Major hurdle 1391Gave clean breakout price has retested its levels and sustained
Target 1 - 1400 levels
Target 2 - 1450 levels
Major Hurdle 1392 levels lets see if it can cross or not
Stop loss 1290 on closing basis
BATA INDIASelf Explanatory chart.
Breakout from the Triangle and falling Wedge.
Now a fresh rally has started in the Parallel Channel. Keep riding the stock in the channel.
Stop Loss should be just below the channel when the stock breaks the channel on the downside.
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Bata - Breaking out Cup Wait for the cup to cross. or a retrace after crossing too.
Broke out today with Volume and strong candle.
Wick is small in compared to body of candle.
100 Rs move possible being cup height.
Tomorrow will attempt to buy around 1345 for 1410 - 1420 as target
RSI and stochastic as per rules.
ATR is low
Watch for 1375 range being high for last 100 days
BataIndia Origin of DAily Drop , nice hourly,15 min supply 1312BataIndia Origin of DAily Drop , nice hourly,15 min supply 1312-1332
BATA INDIANSE:BATAINDIA
ITS JUST A REPEAT OF PREVIOUS CHART SHARED, WHERE IT HAS CLOSED ABOVE 1250, SO IT CAN BE BOUGHT ABOVE 1250 WITH SAME AS STOP LOSS, IF IT SUSTAINS ABOVE 1250, IT CAN HIT 1260, 1273 AND FURTHER TO 1295 FOR SOME AGGRESSIVE TARGETS.
IF NOT THEN AGAIN IT WILL TEST 1230
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Bata Daily long 1185Bata Daily long 1185
pro:
1. 3 exciting leg out in 15 min
2. Location zone(daily) with also 2 exciting candle
con:
1. Exact zone is clear(15 min) but there were once more previous zone bofore left side
2. stock was gradually declining , so stock might not bounce so much.
BATA 2 CONDITIONS Inspite of the stock having a bearish momentum, Price gave a bullish closing.
Condition 1 : Buy above 100ema( DARK GREY) and Incase there is good volume it will be able to break the zone to go for 1273
If it's not able to break the zone or is facing resistance from 200 Ema then sell on top. USE TE REVERSAL CATCHER FOR REVERSAL SIGNALS OR OTHER CANDLE STICK PATTERNS ON TOP
Condition 2: Sell if the stock is able to break the lower trendline with good volume it can go for 1220 zone and requires volume to break it to continue with its downward momentum.
If it's not able to break the zone then buy at bottom. USE TE REVERSAL CATCHER FOR REVERSAL SIGNALS OR OTHER CANDLE STICK PATTERNS ON BOTTOM
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HAPPY TRADING
BataIndia from 14 August 2020The stock has been moving down for the entire june july n august month expecting it to start moving upwards again
at 1230 price level a big spike in volume seen ==> personally indicating a investor started buying it.
MFI has touched bottom zone waiting for a breakout in it ==( line has been drawn )
for upside movement trading strategy :
Calendar Spread: remember it is all option together --> try to adjust premium for good result
AUG : SELL 1120 PE
BUY 1080 PE
SEP: BUY 1400 CE
SELL 1500 CE
this is giving good return with low risk make sure breakeven is around 1110 on the downside
ADJUSTMENT :
if stock starts moving further downside ... start adding PE in september month and position of call option on lower strike price ...
Right Time to Buy - Levels & TargetsHey Guys,
One of the Market leader in the segment, Having very strong fundamentals,
Looking at the chart: looks like current level is a strong support.
it will give a multifold return if you hold for long term,
Levels and Targets are as mention on chart,
pivot point also showing great support at current level,
RSI is consolidating at current level. so the price may not fall further down, but incase if it does fall get as much as you can.
Bollinger Band:
Thanks,
Leave any question in comments if you have any.
