Bata India futures
15m chart
CMP:- 2180.20
Looks like an ascending triangle pattern and the candles have the momentum that may lead to a solid breakout!
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
looks great for swing trade , recently broke a channel patter in weekly tine frame , trading with high volumes, entry price 1943, stop loss 1814, first target 2127
Bata
Observations:
- higher top higher bottom since April 2021
- Cup and handle formation
The stock has a Cup & Handle target potential of around 2120, however it should be noted that sustaining above 1895 could also lead to fresh breakout into uncharted territory with further potential of even 2600 odd levels.
Multiple support around 1780 odd levels and 1687...
NSE:BATAINDIA
I am posting this on request from one of my follower.
Trade Setup for Date 08-09-2021:
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...
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....
Bata India is at its resistance level and it makes third time flag pattern and earning is in 5 days if the result good it breaks its resistance level 1677 and move to 1800 in 3 months
Bata India broke out its major resistance level 1685, Can see a good upside momentum from here.
CMP- 1688
Good Accumulation range- 1645-1680
Upside target- 1780-1815-1880++
Stop Loss- 1615 on closing basis
Duration - 3-6 Months
If sustains above All time high, then next target is 2100++
BATA INDIA has given closing above very important resistance and forming a good curve pattern. So it can be a really good trade if it sustains above that level. we can see a good rally.
Bata India is about to complete its cup and handle pattern and looking it as an investment pick or positional trade, tgt-sl-and entries are marked on the chart
DECENT BO OBSERVED IN BATA..
GOOD ENTRY FOR INTRADAY TARGETS ..
ALSO CAN POSITIONALLY HOLD FOR ATH LEVELS...
STOPLOSS ON A TRAILING BASIS....
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REFER CHART FOR ALL DETAIL LEVELS
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STRICTLY PUT SL IN EVERY TRADE
