BATAINDIA trade ideas
BATA LongAll time high breakout with high volume
Strong outperformance to broad market ( CNX 500)
Target : 2496
Stop Loss Trigger: 1810
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Buy Setup in #BATAINDIA$BATAINDIA has been rising continuously in a strong up trend with some sideways consolidation and now it is again ready to resume its uptrend with strong swing. Buy BATAINDIA at market between 1800-40 with SL 1715. Targets are much higher based on higher time frame charts for next 6 months to 1 year.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Bata India Cup and Handle Breakout 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.