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BATA INDIA LTDBATA INDIA LTDBATA INDIA LTD

BATA INDIA LTD

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BATAINDIA trade ideas

Bata India (In a Range for a while now.)Bata has been in a range for quiet a while it has tried to breach and sustain over the 1400 levels but the bears seem to be standing strong there. The stock has tested the area multiple time only to be sold off next. If the smaller trend line is respected and the stock reverses, We will have to see whether the 1400 level is taken off or not. If it happens the stock might resume a new up trend and in case the smaller trend line is breached downwards the stock might test the bigger trend line and further 1250 levels.(Long shot it is). The Green line is the 9 EMA and the red line is the 200 EMA. Both of them are acting as a good support/resistance throughout the chart and can be used to trade. With results season beginning technicals might be over powered by the fundamentals. All Bluechips will be coming out with their results soon, we will have to wait and watch whether the results of the Second Quarter will define a new trend in the market or not. Trade with Caution.
NSE:BATAINDIA
by vinayak.mohta5
Bata (Still holding inside the zone)Bata is carried forward from the previous week. It did not do anything but was moving within the zone through a turbulent week. This week it should possibly give a breakout from the triangle and might give a possibility of a good trade. The market's are looking weak but the ongoing spike in volatility is not letting the prices decide a direction. With the US elections approaching expect the markets to remain this way, however a possibility of a second lockdown in Europe even though it looks grim can cause the investors sentiment to turn negative and spark a sell off. Maintain your positions accordingly and never leave your positions open and unhedged if you aren't confident.
NSE:BATAINDIA
by vinayak.mohta5
Bata (Breakout Ready ?)Bata has been forming a triangle pattern and has been consolidating further in a smaller time frame (Look at the chart in 15 minutes for the last week). With uncertainty surrounding the Equity markets as a whole and some uncalled movements seen in the last few days it would be very hard for anyone to be able to guess the side of the breakout. However a strong movement should be expected when the breakout happens. If the markets keep going up and the breakout happens towards the upper end then it might even break the high it made on the 3rd of June. However Volatility has been increasing as well because of upcoming US elections. We can further expect some wild movements to happen so plan your trade accordingly even if the breakout happens. Should be interesting. Keep an eye.
NSE:BATAINDIA
by vinayak.mohta5
6
BATA INDIASelf Explanatory chart. Breakout from the Triangle and falling Wedge. Now a fresh rally has started in the Parallel Channel. Keep riding the stock in the channel. Stop Loss should be just below the channel when the stock breaks the channel on the downside. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:BATAINDIALong
by CannySunny
BATA INDIANSE:BATAINDIA ITS JUST A REPEAT OF PREVIOUS CHART SHARED, WHERE IT HAS CLOSED ABOVE 1250, SO IT CAN BE BOUGHT ABOVE 1250 WITH SAME AS STOP LOSS, IF IT SUSTAINS ABOVE 1250, IT CAN HIT 1260, 1273 AND FURTHER TO 1295 FOR SOME AGGRESSIVE TARGETS. IF NOT THEN AGAIN IT WILL TEST 1230 ********************************************************************************************************************************************** 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. ***********************************************************************************************************************************************
NSE:BATAINDIA
by akkshay11
1