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WaveTalks
Jan 28, 2021 5:34 PM

BataIndia- Bullish Gartley Harmonic Pattern for 1585-1650+ Long

NSE:BATAINDIA180
BATA INDIANSE

Description

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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

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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
Trend AnalysisHarmonic PatternsBeyond Technical AnalysisBullish Gartleygartleybull
Comments
NAVTEJ999
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sir, can i go for this stock in option trading at 1540 ce for 5 lots ?
WaveTalks
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@NAVTEJ999, No comments for options
srikarthicvs
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Any visibility on the holding period for the mentioned Targets?
WaveTalks
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@srikarthicvs, Dear, I suggested it is good trade "only" if it holds above 1540- marginal high of 1544 & it drops!
srikarthicvs
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@AbhishekHSinghCMT, - Completly understand that and was just curious what the positional timeframe you had considered on the strategy
SAIKAT1102
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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
srikarthicvs
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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!
WaveTalks
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@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
srikarthicvs
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@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!
kapsnd4u
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Will keep the levels in system thanks sir👍🏻
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