BATA INDIA BUY ABOVE 1234BATA INDIA BUY ABOVE 1233-1234
TARGET: 1239, 1245, 1251
Condition: If sustain above 1233-1234 on hourly candle only
If trade and sustain above 1250 then 1280 possible; Sell below 1200 for target of 1150
Posting for Educational purpose only
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Bata
bata india report 1) down fall has finished took a strong support at 1241 points
2) wait for the break out at 1286.
3) if the candle closes above 1286 then the bulls can rally up to 1460 without any hurdles.
4) if the points breaches 1241 support zone , next bearish rally continues up to 1000 points.
5) wait for 2 to 3 trading session to know further in detail.
tips : buy at dips without second thought.
Disclaimer note: this is for study and analysis purpose.
BATA INDIA - BOUNCE EXPECTED - BUY ABOVE 1270BATA INDIA
BUY ABOVE 1270
TARGETS: 1277, 1285, 1293
SELL ABOVE 1250
TARGETS: 1243, 1235, 1227
IF SUSTAIN ABOVE 1300 THEN FURTHER UPSIDE POSSIBLE
Posting for Educational purpose only
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
SWING TRADE - BATAINDIATime frame - 1 Hr
As per my analysis stock is currently trading at very good price range that is 1270-1285 which is a strong demand zone for the stock.
You may definitely buy some shares if you are a price action based trader.
I personally like to take the trade at demand and supply zone trades for swings and I prefer to provide swing trades which are trading at good buying zones.
Please comment if you have any doubts about this trade.
Buy at cmp for a target of 1340Buy Bata India at cmp for the target of 1340(short term target). As we can see the stock was in a accumulation mode for more than two weeks. Institutions were accumulating the stock at lower level. It seems like they have completed accumulating the stock and its ready for a big upmove. Good price action + Good volume .