Short Bata IndiaShort Bata india on basis of Harmonic Pattern Completion
RSI Over Bought
Stop loss and Target are mentioned in chart.
BATAINDIA trade ideas
Buy Bata india Above 1395, target 1500Buy Bata india Above 1395, target 1500, Moving in channel, open challenge
Bata India ShortBata India (28 May 2020)
CMP 1299.10
Double Top pattern confirmed. MACd and RSI going down. In the last 9 trading candles of 15 min 7 candles are sowing big sell volume, with the latest 15 min candle shrply showing high sell volumes. On a 15 min time basis the stock looks going downward towards 1265.
T1: 1288, T2: 1275, T3: 1265
SL: 1310
Strong bullish movement seen in Bata india .As per chart analysis for bata india can be long @ 1339 for the short term level of intraday is 1348 & 1355. Soon Stock will cross the 50 EMA & at bullish side. please enter at the levels provided.. & keep posted .
BATAINDIA HEAD AND SHOULDER PATTERN BATAINDIA HEAD AND SHOULDER PATTERN
SELL BELOW 1240 TARGET OF 1130
Bata Short with R:R 4.5Bata looks like it may pull a leg down to 0.618 fib level. Possible sell off ahead of earnings.
Pattern : Rising wedge
Bata India - Parallel channelBata India in value area from around 27th March till date. Good trading points.
Timeframe: 15 min
Value area High 1287.2
Value area low 1155.95
POC 1221.15
SHORT can be done at High with Target POC.
LONG can be done at Low with Target POC.
Trade can be based on candle rejection at Value high (long upper wick) and Value low (long lower wick).
This is purely for my educational purpose and not a trading advise. Please trade at your own risks.
BATAINDIA, Double Top bearish reversal |We can see a 11% drop in BATAINDIA within this week;
This pattern will be confirmed once price breaks the neckline.
Refer to this educational post about Double Top pattern ()
SPOT: SHORT 1165-1160, SL 1192 TARGET 1124 INTRADAYSPOT: SHORT 1165-1160, SL 1192 TARGET 1124 INTRADAY
BATAINDIA LongBATAINDIA is been testing the strong support multiple times at 1120, Can reach the target of 1300-1450 shortly.
BATA INDIA STRONG FUNDAMENTAL AND HAS TAKEN STRONG SUPPORT YOU WANT TO HOLD SOME STOCK FOR THE PERIOD LET SAY TILL FOR FINANCIAL YEAR THEN WE CAN SEE SOME MASSIVE MOVE IN BATA INDIA ,
FUNDAMENTAL IS TOTALLY PERFECT
TECHNICALLY STOCK HAS TAKEN VERY STRONG SUPPORT AT 1614 LEVEL ,
SO, YOU CAN HOLD FOR THE TARGET 1760 OR 1875
Bata India - Bearish Bias - Can Short at current levels.Bata India - Bearish Bias - Can Short at current levels.
BATA PRZ ACTIVE @1718DISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
