AbhishekHSinghCMT

BataIndia- Bullish Gartley Harmonic Pattern for 1585-1650+

Long
NSE:BATAINDIA   BATA INDIA
As per Last Idea - Suggested to Buy Only above 1585 - Stock gave close chance but failed to hold 1585 levels

Buy Only above 1540 (Till the stock holds above 1540) -Good to trade for Targets - 1585 / 1650 / 1700

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Last Idea - Bearish Butterfly (Buy & Sell Later)
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Trade active: 08:31 Hrs / 11th Feb2021

Last @ 1569

In middle of Choppy moves - stock has reached 1585 - which has positive bias once it crosses back above 1600 for 1650 / 1700+ is due on upside next
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

sir, can i go for this stock in option trading at 1540 ce for 5 lots ?
+4 Reply
@NAVTEJ999, No comments for options
Reply
Any visibility on the holding period for the mentioned Targets?
+3 Reply
AbhishekHSinghCMT srikarthicvs
@srikarthicvs, Dear, I suggested it is good trade "only" if it holds above 1540- marginal high of 1544 & it drops!
+1 Reply
srikarthicvs AbhishekHSinghCMT
@AbhishekHSinghCMT, - Completly understand that and was just curious what the positional timeframe you had considered on the strategy
+1 Reply
DOES IT NOT SHOW HEAD AND SHOULDER PATTERN AND THE NECKLINE HAS BEEN BROKEN???
IS IT NOT A GOOD STOCK FOR SHORTING? MAYBE SHORTING AT NEAR NECKLINE WHEN PRICE RETRACES AND TESTS NECKLINE WOULD GIVE A BETTER RR
+2 Reply
Sir BATA did take a significant beating today at opening. Is it still a good bet to enter the trade now, considering that the trade has been made active? Pls advice!
+1 Reply
AbhishekHSinghCMT srikarthicvs
@srikarthicvs, You missed double bottoms of 1462 as risk was very less to join the upside move. I have mentioned above as the update (08:31 am / 11th Feb2021) crossing only above 1600 - it will move to 1650/1700
+1 Reply
srikarthicvs AbhishekHSinghCMT
@AbhishekHSinghCMT, Thank you sir. Took a hedged option at the double bottom level you had mentioned. Will await the 1600 levels for any Future positions - Thanks much!
+1 Reply
Will keep the levels in system thanks sir👍🏻
+1 Reply
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