Bata Weekly falling wedge Bullish Divergence Squeeze Hello Everyone,
Bata India formed RSI bullish Divergence on weekly timeframe also afalling wedge pattern monthly timeframe peanut chart pattern upside breakout possibilities so buy on dips is good strategy once break above 1550-1600 will go for 2000,2200,2500++
Bata
Bata - Long SetupIt is clear from the chart that the price is at the long-time support level of around 1550. if bounces back from this level, may go into a bullish phase. That may carry the price to 1720/1770 and even more.
Long time target seems around 2100.
This setup fails if the price trades below 1515 for a couple of days. Unless it comes above 1550 again. This point in time is good for this buy setup in terms of risk-reward ratio.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
BATAINDIA: Buy for Long TermThe 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 on the daily chart on 15th Nov 2023 with more volumes than the previous day and is now trading at 1603.06 as on 16th Nov 2023.
INFERENCE:
The Stock can be bought at these levels and accumulated if it drops further with a STOP LOSS around 1550 levels.
The stock looks good for a decent capital appreciation in the long run.
TARGET: We can expect a medium term (4 to 6Months) target of around 1900/-
The stock should show strength once it crosses the weekly downward trend line. The company has been paying dividends regularly but the yield is less than 1%
Banknifty 15 Nov Put Trade 💸💸👑💲👑Royal Trade👑
BANK NIFTY IMPORTANT LEVEL
WE BUY Call AND TARGET LEVEL IN VIDEO
45869 // 45788 // 45734 // 45613 // 45558 // 45488 // 45292 // 45158 // 44901 // 44796 // 55561 // 44410
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Nifty-50 Buy call 27 oct👑Royal Trade👑
NIFTY50 IMPORTANT LEVEL
we buy Call and my Target is in Video
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
SENSEX INTRADAY TRADE BY BEAR 👑💸👑Royal Trade👑
SENSEX IMPORTANT LEVEL
We buy PUT and my Target is 65,000 and 64,800
Dont buy anytrade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
BataIndia a Screaming buy scriptWhen 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
BATA INDIA : WIDE RANGE FORMATION NSE:BATAINDIA
Bata India forming a wide range on 30 min TF and plans to play in between the range or trade the breakout
the volume is crucial to watch
if the daily candle closes above the supply zone then aim for a swing move up.
trade with proper stop loss and do your analysis too.
like and comment your views below
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Keep learning
Happy trading
Bata has to take a decisionThe 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.
STOCKS TO KEEP ON RADAR FOR INTRADAY + SWING NSE:GRANULES
Stocks to keep on the radar for this week
1. Granules
2. Apollo tyers
3. Pvr
4. Indus tower
5. Bata india
6. Indigo
All stocks have a bearish bias and the analysis is explained in the video
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
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Happy Trading!
Recession and Bata what is Relation ???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 looking Bata India downside at 1200 level.
I will update my view time to time on Bata India if you are looking position on Bata India , you can look for March future.
i will update this idea time to time,
keep connected with me your comments are most welcome i am always online
thanks regard
Ravindra Bhise
Bata - Long SetupA 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.