BATAINDIA trade ideas
Time to enter Bata
I think it is time to enter Bata as the upswing is supposed to start soon as it is almost at the bottom of the curvilinear channel, inner and outer both
MultiCaps.in : BATA INDIA LTDPerformance Summary of BATA INDIA LTD:
FUNDAMENTALLLY EXCELLENT COMPANY.
PRESENCE IN 165 COUNTIRES ACROSS WORLD
EXCELLENT RISK REWARD RATIO
Technically at 62% Retracement and RSI at 30, which means stock is oversold,
On Chart, Bata has made Gravestone Doji , which means trend reversal possibility is very high.
Keep an Eye on Bata, If you see Trend reversal from here, You Must join the trend, this is a quality Portfolio stock, but keep a time horizon of 3 to 6 months to reap good returns.
Bata India
Due to increased competition from Campus, Red Tape, traditional companies are facing pressure.
Support is broken.
Next support at 1260 level
BATA INDIABata made triangle pattern on 30 min TF & trading above breakout level with decent volumes.
Could be bought with mentioned stoploss & target.
BATAINDIA short extremely confident type 1 entry shortBATAINDIA short extremely confident type 1 entry short
BATA INDIABATA India today falls 3.5% with a high volume after 1 month consolidation zone from S-1610 & R-1665
1550 is and swing support I will short on every rise with a small stoploss if price comes to near 1600 level
BATA INDIA (LONG)Falling Wedge pattern
Bullish Divergence on Daily Time Frame
Buy-1660 Target-2000 Stoploss-1600
Positional Trade
bata india 15 minBata india is looking good setup for tomorrow bata india is at ceucial support area
this is the deciding level of further upmove or down move it formed a consolidation
at the crucial level after candle closes above that consolidation then it is confirmed that
up movement target will be 1662 big target trail your stoploss
Thank you
BSE:BATA1!
BATA INDIABataindia broke past strong resistance zone of 1720-1725 with good volumes. These levels got rejected multiple time.
Could be bought with mentioned stoploss & target/.
BataIndiaBataIndia 1 hr chart
Currently stock price is revolving around trendline and previous support areas from where it has shown good bounce back.
If it regains the price above trendline good setup for buy. At current price stop loss is very low2.
This is not any recommendation just for educational purpose.
BATAINDIA is forming triangle patternNSE:BATAINDIA mid cap stock is forming triangle pattern.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
BATA INDIA IS IN UPTREND BE READY BSE:BATA1! Need to closes above 1876 then the target is T1-2000, T2- 2150, T3- 2400.
BATAINDIA at End Of symmetrical triangle patternIf it breaks upwards DON'T BUY until it break 1866
If it break downward DON'T SHORT until it break 1781
If it break upward entry at 1866 Target at 2006 Stop Loss at 1781
If it break downward 1781 Target at 1620 Stop Loss at 1866
BATAINDIA LONG (INTRADAY OCT 31)BATAINDIA took support on daily level and 15 min it has made falling wedge pattern, on breakout price could move upside. Thank You !
Bata - trendline breakout and retestBata broke out of the highlighted trendline and had a sharp ramp
Decline last few days saw a bounce off the same trendline
Next week if we get close to the trendline worth trying some narrow SL longs around the trendline, 1745-50
Think different!So most of the investtors/trader mind of view is on bullish side.
On looking the 1W chart, so basically trend following should need atleast 3 touch points, whereas in 1w chart it has only two touch points, if you noted correctly.
So, guys please wait for the 3rd touch point and trade
Long.
3rd point may occur at 38% of fibbo level, also marked it.
It may touch and uptrend or break and downtrend.
If you have any corrections, kindly let me know in the comments.
Thank you.
Long setupBata took support on fib 61.8% and also there is existing support good consolidated zone previously we have very limited risk of 70 points
Bata India Long TradePrice is below resistance but there is the high probability that it would break resistance as it is showing good price action at daily timeframe. So we will look for buying opportunity when it break resistance and retest it.Thank You !
BATA INDIA - Fundamentals RecoveredBATA INDIA - Showing good recovery in their balance sheet + Multiple technical patterns being formed right now.
If the overall market is supportive - good targets can be achieved.
