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. ---------------------------------------------- Trade Setup for Date 30-08-2021: 1) Don't Jump in to trade at the...
Triangle breakout in Bata India. Looking bullish on weekly chart..
Bata India Breakout on Daily chart retesting the support levels. Bullish pattern on the chart self explanatory.
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 reopening theme bullish uptrend MACD crossover with a break out.
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
Check the chart.. I already entered at 1616 so RR is calculated according to that. The RR is approx 3:1
DECENT BO OBSERVED IN BATA.. GOOD ENTRY FOR INTRADAY TARGETS .. ALSO CAN POSITIONALLY HOLD FOR ATH LEVELS... STOPLOSS ON A TRAILING BASIS.... ---------------------------- REFER CHART FOR ALL DETAIL LEVELS ---------------------------- STRICTLY PUT SL IN EVERY TRADE
Bata Triangle Breakout in Weekly chart.
Mentioned in charts
Buy @ CMP CURRENT MARKET PRICE Final Sell Target @ 1630
Triangle Target is 30 point both side from the point of breakout / breakdown
Bata India - Cmp 1316 Can long at cmp with 1288 sl on closing basis for initial targets of 1385/1435.
Bata (India) Ltd is going through a longer term correction. It's going through wave (4) primary wave correction. Well, the interesting part is that it appears to have completed wave b of wave (b) in an a-b-c correction, which is underway since last Mar'20 (under Elliott wave model). Interestingly, wave b has just traced 0.618 of the wave a and now just starting to...