BATAINDIA trade ideas
NSE:BATAINDIA is sitting on a critical trendlineNSE:BATAINDIA is basically on a trendline that extends from June 2019 highs to today. This is a critical prize zone for BATAINDIA. Any closes below the trendline on a daily basis will signal a Sell/Short and a strong bounce will a candlestick pattern like a bullish engulfing will signal a low risk Buy with the Stop loss being below the swing low.
Bata IndiaShort it with first target of 1650 and stoploss of 1738, this counter is showing bearish divergence and also has broken down below a trendline and formed double top as well and broke below its neckline, it rarely happens that you get so many triggers in your direction, short fearlessly with stop at 1738 and once you reach targets of 1650 don't book just trail your stoploss you might have one hell of a ride in it.
However its my view trade with your own discretion.
BATAINDIAGave inside pinbar on daily
reversal from diagonal resistance
good risk reward.
below 1697
sl 1714
tgt 1664
BATAINDIA, near to breakout. Watch this tradeHi All,
BATAINDIA is near to breakout. If BATAINDIA closes above 1445 on Monday then I am positive about 1640 target within 3 to 4 weeks. Lets see.
Regards,
Vikram
$BATA sell setup target 200dma and wedge lower end$BATA sell setup target 200dma and wedge lower end
Time to boot bata to the 200 emaBata has started making bearish divergence on the rsi and looks overbought to a point where bulls cant keep control of the action .
target is 1280
BATAINDIA SHORTOnly for education purpose not to be taken as a trading call.
CHART BY HARMONIC LEARNING AND EARNING
Bata - 2nd attempt past 1450Bata is facing the classic ichimoku test of TK crossover below the cloud.. which is considered weak... it needs to cross 1450 strongly on closing basis to go long... wait for it patiently to attempt and would be better to short at that levels...
