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 ...
BATAINDIA trade ideas
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.
BATA INDIANSE:BATAINDIA
The way it has been consolidating near the support and reversing from there, it looks good for upside of 1273 and if sustains brace for 1295.
If it does not, then it may slip to 1230
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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BATA INDIA : Trade Bearish Now#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 Short
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Support : 1294 and 1290
Breakdown : 1299
LTP : 1304
Breakout : 1308
Long Target : 1311 and 1318
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Positive & Negative Point:
1) Neutral in Daily/Monthly and bearish in weekly chart
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(Disclaimer: This is only for educational purpose and paper treading.)
BATA INDIA - Gap UP opening and form NR7 candle with near doji#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 Long
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Support : 1295 and 1272
Breakdown : 1303
LTP : 1316
Breakout : 1324
Short Target : 1346 and 1360
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Positive & Negative Point:
1) Neutral in Daily/Weekly/monthly chart
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(Disclaimer: This is only for educational purpose and paper treading.)
BATA INDIA - NR4 candle - breakout and reversal level#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 oversold zone
ATR is decreasing since 5 days.
New Short position created
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Support : 1224 and 1203
Breakdown : 1238 (OR Gap Down Opening)
LTP : 1251.85
Breakout : 1280 (OR Gap UP Opening)
Short Target : 1300
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Positive & Negative Point:
1) Very Bearish in Daily chart.
2) Very Bearish in Weekly chart
3) Neutral in Monthly Chart
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(Disclaimer: This is only for educational purpose and paper treading.)