Symbol - BATAINDIA
BATAINDIA is currently trading at 1340
1280 - 1350 is a good support area for BATAINDIA.
I'm seeing a trading opportunity on buy side.
Buying BATAINDIA Futures at CMP 1340
I will be adding more if 1300 comes & hold with 1280 SL.
Targets I'm expecting are 1435 - 1525 & beyond.
Disclaimer - Do not consider this as a buy/sell...
BATAINDIA is in consolidation range of 1393-1493. Since the company has good fundamentals and decent growth in EBITDA and EPS over the years, it seems good time to start accumulating at these levels.
SL below 1393 on closing basis.
The stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes.
The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk.
If goes well, then the risk-reward ratio is quite good according to the projected...
- Bata is trading at a good order block
- The last origin of the impulsive move was from the same place
- I expect the same to happen this time too
- This is the zone where you guys should be watching out for swings with a stop loss of 2%
BATAINDIA - Expected to Move beyond 1750 during Aug time frame, but continuously taking resistance from Weekly Gann trend line in past 22 weeks.
Currently trading above most of the moving averages on D/W/M time frames and taking support from 1650 levels.
If aggressive, We can take an entry above 1675 and if sustains above the trendline, we can add more.
Net...
The stock bounced back from it Fibonacci retracement of more than 0.618 of 1370.45 as of 20th March 2023, from its all time high of 2182.75 reached on 16th Nov 2021, falling more than 37% from it all time high.
The stock had bounced to 1771.45 on 8th Aug 2023 and back to a low of 1530 on 9th Nov 2023.
Since then the stock has broken out of its downward trend line...
📊 Details
Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations...
A Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of BSE:BATA1!
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly...
Bata india has now regained its 1600 level, hovering at around the falling trendline. It might breakout after a consolidation, also festival and wedding season is coming.
BUY ON DIPS IN BATA INDIA.
1550-1650 is very strong support for bata india. Make positions around this range or buy at current market price.
Stop loss at 1530
Targets at 1850, 2000, 2150,...
⚪️ BATA INDIA ANALYSIS ⚪️
♻️ bata india buy trade
✅ buy : 1653
✅ target : 1846 /2144
✅ sl : 1607
⚪️ time to swing trade in bata india
🟢 long term investment pick 30% up move target in 1/2 YEAR'S
LOOKS GOOD FOR LONG POSITION WITH A SL OF 1370
Reasons:
- Wolfe Wave formation
- Wave 5 Taking immense support at Golden ratio of 1.618 ( Retracement of Wave 4 )
- Exaggerated Divergence of RSI
- ADX Reversing Downside from 44
- Risk to Reward Ratio is Fantastic
Target would be 1483 and above it will lead to 1611
CHART & ANALYSIS
Adarsh Kumar Dey
1. Bearish Engulfing Bar formed at round number and S/R zone.
2. 61.8 Fibonacci Retracement at that perfect level.
3. Take profit and Stop Loss level correctly mentioned in the chart.
4. Entry should be below that confirmation engulfing bar.
NSE:BATAINDIA1!
chart have first bearish butterfly @ 2261 and price falling for completed the target of butterfly .
now on current price chart show some reversal patterns and PRZ area between 1395-1260 with ab=cd ,Bat,@ channel bottom
for reversal we should plan entry in 3 part
buy bataindia above 1448 (30%) add more 1348(30%) rest near stoploss 1270...
When it comes to rewarding it's shareholder over the period of years and clean management then Bata is one of the top companies in Indian Stock Markets.
And if you get such company at reasonable price levels backed by Technicals then it's no less than it's no less than a Gem...Add some BataIndia here adn Some at Lower Levels for new highs of ~2600
Price is under falling channel with RSI showing +ve divergence
It has also closed above 20dema after 76 session with good volumes and as per VSA analysis, even though volumes were higher candle stick spread is very small and this has appeared in a downtrend. It can be sign of smart accumulation here and breakout above 1450 could trigger good short covering....
