The stock is coming to a long-term support level. Now 1360 is the key level. Sustaining above 1360 will make the stock bullish while trading below 1360 will show weakness on the charts.
If goes bullish from today's price, then it will be a good risk-reward for a long setup.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Now day everyone is talking about recession,
And worldwide so many companies are cutting cost and fire the employee.
Directly Indian companies are not looking to cut employees but it's affect is clearly visible in stock market.
It's my personal us for my view Bata India is affecting and example of this things.
On a weekly time frame on daily time frame I am...
A trade setup with a nice risk-reward ratio. Momentum may come if the price crosses 1585. All levels are mentioned on the charts.
Only for learning and sharing purposes, not a piece of trading advice.
Trade wisely and calmly, do not go into gambling. Consider stock trading as a regular business.
All the best.
bata is now entering demand zone
stock was in pressure for last few weeks
can show a pullback move now from here owards
with stop at below 1550 it can zoom higher towards 1840-1870
BATAINDIA has seen Trendline breakout on 4-hourly time Frame Chart and Looks very bullish, I am Looking to Buy BATAINDIA in Cash Segment around Current Price 1880- 1883 For the Targets of 2000/2100 And Stoploss 1770 (Time Horizon 5-7 Days)
last 2-3 weeks we seen huge buying in BAT coin, in upcoming months its to going pump very hard.
entry and targets are given on the chart. Treat this idea as long-term investment
please Like and comment if there are any queries.
#bitcoin #altcoinseason #altcoin #altnews
📈 BATA India 📉
This Stock Broke out from a Downtrending Trendline Zone after testing three times with a strong green candle.
Bias - Long
Target - 2073, 2230
SL - 1901
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult...
Bata India Ltd - 15.03.2022
The stock is trading @ 1836 levels
The prices are above EMA
There is a HAMMER @ SUPPORT Level
Let the prices go above 1881, one can initiate a BUY position with support @ 1821
watch out for the price action
NSE:BATAINDIA
Observations:
1) On 1day time frame, it closed just above 200DMA and critical level of 1800 level.
From here we can see good move on either side.
Please refer below chart : 1hr Time Frame.
2) On 15min time frame, there is a double bottom formation.
Please refer below chart : 15min Time Frame.
Also we can see resistance channel....
NSE:BATAINDIA
Observations:
1) On 1 day time frame, it took support from 100DMA and back to critical range 2040-2060.
This range will work as resistance if it trades below it and will work as support if it trades above it.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, it looks like formation of inverted head and shoulder pattern....
![BATAINDIA: Simple Trade Setup | BATA INDIA | 02-03-2022 [INTRADAY]](https://s3.tradingview.com/d/DC3JiDCu_mid.png "Simple Trade Setup | BATA INDIA | 02-03-2022 [INTRADAY]")
![BATAINDIA: Simple Trade Setup | BATA | 27-01-2022 [INTRADAY]](https://s3.tradingview.com/o/OR5XxNJv_mid.png "Simple Trade Setup | BATA | 27-01-2022 [INTRADAY]")