BATAINDIA trade ideas
BATA TO 1300 faced at the 88.7 fib level and 127.2 fib level confluence accompanied with a major zone area above - bata looks over bought and is heading south
298 SAN. micro5 (2 to 3 days)Disclaimer: Set-up shown here is only for educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on passive analysis (PA)/ Static ANalysis (SAN). Many times Market does not provides good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)). Always run with SL.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA)/ Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. (ENT= Entry not triggered). If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen.
201PA. BV Set-upDoes market provides another false high as ceiling test for short and it completely depends on background sectorial conditions and real-time candle sticks data.
Run with SL
Study Purpose:Will BATA touch 1390?Price closed below short term trend line support
RSI Bearish Div.(Price making Higher High and RSI making Lower High)
Sell Below: 1441
SL: 1467 DCB
Target: 1389
Is Bata Going towards 900??Hi
Bearish divergence in Daily, Weekly, Monthly
Bollinger Band showing weakness
Elliot wave almost complete
Channel resistance
Overall local and global Market Negative
Please share your views
Regards
SHORT : BATAINDIA NSE : BIG FALL COMING AFTER 52 WEEK HIGHBATAINDIA SHORT SETUP : FALL FROM 52 WEEK HIGH , SHORT AROUND 1270, 1250, TARGET : 1200, 1170 IN 1 WEEK(BEFORE 28TH FEB 2019.
High Probability Trade - Bata IndiaTrendline broken and retest done. Wait for Impulse on Downside and enter short trade.
Is Bata going towards 900 levelHi
I see negative divergence in Bata near resistance line
Is it going towards 900 level?
Investors be cautious
Regards
BATA india priming itself for reversal chart is self explanatory and time for short is approaching this january 2019.....
BataIndia, BreakoutAn uptrending stock corrected suitably and finished correction at 200 DMA. Now rising once more. Breaking out of the earlier highs. 905 is a steep resistance and it has a Negative Divergence in MACD as well. Bears have taken a strong position at 900 Call and siting tight. Crossing this will give another boost to bulls for a steady rise.
Bataindia, 200 DMAPrice taking support at 200 DMA. So holding the same, price may go up towards previous high. SL is made very small. It is a simple approach.
Bata India weekly, Inv. Head & Shouldr pttrn with wave Target Bata Inda was in Range bond for almost 2 year from july 2015 to july 2017, in which price formed a very bullish Inverse Head&shoulder Pattern
On end of the July 2017 , its a gave a Positive Brekout from its NeakLine with good volume,;
