Bata India Ltd, Monthly TFLongterm View
It has reached the covid fall levels and is almost around 0.5 fib retracement level. looking good for long term. can buy in small small chunks between zones 1000-1300, rather than going all in at the same time.
major resistance going forward will be arnd 1660 lvls above that 1900 & 2100.
BATAINDIA trade ideas
BATA INDIA LTD SWING TRADE📊 Price Action & Trend Analysis
Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups.
Always follow the trend and manage risk wisely!
Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts.
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BATA INDIA: FIBONACCI TRADE SETUP ALERT!
**🚨 BATA INDIA: FIBONACCI TRADE SETUP ALERT! 🚨**
**💹 Current Price Action:**
Bata India is trading at **₹1,281.30**, holding just above a critical Fibonacci support level at **₹1,279.55** (0% retracement). The stock is currently in a **downtrend**, respecting the Fibonacci levels.
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### **📊 Key Fibonacci Levels:**
1. **Resistance Zones:**
- **23.6% Retracement (₹1,318.85):** First key level for bullish reversal.
- **38.2% Retracement (₹1,347.50):** Strong overhead resistance if momentum builds.
- **50.0% Retracement (₹1,368.89):** Likely rejection area during an uptrend test.
2. **Support Zones:**
- **0% Retracement (₹1,279.55):** Critical level; breaking this could lead to further downside toward ₹1,225.
- Below this level, the next psychological support is **₹1,200**.
3. **Trend Analysis:**
- The **44-day SMA (₹1,382.17)** is trending down, signaling continued bearish pressure.
- A descending trendline (dotted line) is compressing the price, indicating weakening momentum.
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### **🔥 Trading Strategy:**
1. **Bullish Play:**
- **Entry Trigger:** Above ₹1,318.85 (23.6% retracement).
- **Targets:** ₹1,347.50 (38.2%), ₹1,368.89 (50%).
- **Stop-Loss:** ₹1,279.00.
2. **Bearish Play:**
- **Entry Trigger:** Below ₹1,279.55 (0% retracement).
- **Targets:** ₹1,250 (short-term), ₹1,225 (long-term).
- **Stop-Loss:** ₹1,300.
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**📅 Upcoming Earnings (E Icon):**
The purple earnings icon suggests results are near! A **positive surprise** could push the stock toward higher Fibonacci levels, while weak results may trigger a selloff below ₹1,279.
### **🚀 Today’s Takeaway:**
Bata India is at a **make-or-break Fibonacci level**. Bulls need to reclaim ₹1,318, while bears aim to take out ₹1,279. Get ready for a potential **breakout or breakdown!**
Long Positional Trade Idea for Bata India Ltd Long Positional Trade Idea for Bata India Ltd.
Bata India is showing bullish momentum as it breaks above key resistance at ₹1,460. The next target lies at ₹1,547, with further potential towards ₹1,633.
Entry: Above ₹1,470 (breakout confirmation).
Stop Loss: ₹1,400 (below recent support).
Targets: ₹1,547 (short-term) and ₹1,633 (medium-term).
Indicators: RSI trending upwards and increasing volume support bullish sentiment.
BATA INDIA LTD Trade SetupHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
Weekly TF Analysis - BATAINDIAWeekly chart of BATA shows a beautiful Falling Wedge pattern.
The last candle is an inside candle from the previous week, suggesting a brief pause before the up move.
Any break above 1460 can result in a good move on the upside.
Fall below 1400 may be a continuation of the falling wedge pattern.
Weekly down trendline breakout in Bata India.About : ( Bata India - CMP: 1450)
Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.
Share holding Parentage :
As of June 2024, the Bata Corporation holds a 50% stake in the company. Founded in 1894 in the Czech Republic, Bata Corporation is the world's leading shoemaker by volume having a retail presence of over 5,300 shops in more than 70 countries across 5 continents, and operates 21 production facilities in 18 countries.
Market Leadership :
The company is the largest footwear retailer and leading manufacturer in the Indian footwear industry with 1,860+ retail stores across ~1,500 towns including franchisees in FY24 growing from ~1,700 stores across ~890 towns in FY20. It has an overall retail space of 3.68 mn sq ft.
Brand Portfolio :
Bata, Power, Marie Claire, North Star, Naturaiser, Scholl, Bata Comfit, Weinbreneer, Bata Comfit, Hush Puppies, Power, etc.
Manufacturing Facilities :
The company has 4 manufacturing units at Batanagar (Kolkata), Bataganj (Bihar), Peenya (near Bangalore), and Hosur (Tamil Nadu). It has a manufacturing capacity to produce 21 Mn Footwear Per Annum.
Focus :
The company’s business strategy is focused on premium brands like Hush Puppies, Power, Nordstar, Comfit, etc. which contribute 40% of revenue as of FY24.
Upcoming earnings release India :
31 of October
key levels in trading :
CMP - 1450,
Entry Above 1460,
SL - 1385
Target 1- 1620,
Target 2- 1760,
RR - 1:2 (Min)
Disclosure : I am not SEBI registered. The information provided here is for education purposes only.
BATAINDIA 1WBata India is currently displaying a classic descending triangle formation. A breakout and subsequent retest of the former resistance level would serve as a strong confirmation of a potential bullish reversal
I'm not a SEBI-registered analyst. All posts and levels shared are just for educational purposes. I'm not responsible for any losses or profits. No claims, all rights reserved
BATAINDIAHi guys,
In this chart i Found a Demand Zone in BATAINDIA CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Bata India Ltd - Short-Term Gap Filling OpportunityThe stock is currently trading around the 0.5 Fibonacci retracement level, which aligns with a key support at ₹1,450. The price action suggests a possible gap fill up to the previous support turned resistance at ₹1,550, which could serve as the short-term target.
Given the recent bullish momentum and the bounce from the support levels, there's a potential upside movement towards ₹1,494 (0.382 Fib level), with the possibility of extending to ₹1,550 if momentum continues.
However, failure to maintain support around ₹1,450 could see the stock retesting lower levels, with the next significant support around ₹1,407 (0.618 Fib level).
Short-Term Targets:
First Target: ₹1,494
Second Target: ₹1,550 (gap fill)
Stop Loss:
Below ₹1,429
Watch for volume confirmation and price action around these levels for potential entry and exit points.
BATAINDIA swing long idea The fundamentals and market share of the company are good.
Recently NSE:BATAINDIA has been mentioned in various newsletters and news channels, which indicates possibly a big player is going to have a block sell soon.
After the recent rally and follow-up retracements, if the share does not fall below 1416 - With sustained volumes and RSI values.
We can go long on BATA for a minimum 20% upside.
If levels of 1384 break, one can directly buy At the Money PUT for BATAINDIA and have at least a 10% upside there.
*Educational view*
BATA INDIA - Keep on the Watchlist⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times