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Trading_hawk
Aug 27, 2021 1:11 PM

Simple Trade Setup | BATAINDIA | 30-08-2021 

NSE:BATAINDIA1D
BATA INDIANSE

Description

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NSE:BATAINDIA

Observation:
1) On daily time frame it has made cup and handle pattern breakout and sustaining it.

Please refer below chart.


2) On Daily time frame it has been taking support from trendline.

Please refer below chart.


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Trade Setup for Date 30-08-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Trade closed: target reached

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Trend AnalysisBATAINDIAbatabataindialongbataanalysisbataindiashortbataindiaideabatasellbatalongbataindiatrade
Comments
mohitcloud22
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Nice trade setup
Trading_hawk
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@mohitcloud22,
Thank you
swathikonakanchi
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@Trading_hawk, Reached target
Trading_hawk
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@swathikonakanchi
yes.
swathikonakanchi
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@Trading_hawk, view on Eicher motor
Trading_hawk
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@swathikonakanchi,

Only quick buy trade if it breakout 2600 level with target of 2644.

And breakout on 2644 will be positional trade till 2700 easily.
Till then avoid trading.
swathikonakanchi
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@Trading_hawk, ok
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