Head and Shoulders breakdown in Bata. Can go short for given targets. If there's a pullback tomorrow then would get better RR.
Bata
"BATA INDIA" - H&S Pattern1. H&S Pattern played out on the top of BATA India.
2. H&S Neckline Broke down.
3. Expected downside range 1500
BATA India Flag formation @in_tradingviewNSE:BATAINDIA
Bata India Flag formation
on breakout can touch 1950 levels
FMCG index structure of fmcg gap , support , resistance , parallel channel all been shown in the chart
BRITANNIA
ITC
HUL
COLPAL
DABUR
CHECK ALL OUT
SELL BATAINDIABATAINDIA's rally seems to be exhausting. It can be sold for short term.
SELL BATAINDIA BETWEEN 1570 - 1580 TARGET 1400 & 1250 CLOSING SL ABOVE 1662
Bata : -ve candlesticks & bearish rsi divergenceBATAINDIA has made -ve 3Star Candle Stick Patter with Bearish RSI Divergence, seem like after burning many hands its thinking to go short.
Entry : Strong Closing Below Red Line
Stoploss : 1430 (Closing Basis)
Basic Target: 1330
if you have any queries regarding above idea or any other stock feel free to D'M
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BATANSE:BATAINDIA
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Stock may correct below level of 1290 till 1250-40 sl 1310 will be crucial.
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BATAINDIA, short calldon't forget to see what happened in next day and answer in comment if you like it,
BATA - Trendline BreakoutBata broke the trendline it has been following for past few months and closed well below it.
Sell on a pullback towards 1135 areas with a cksoing stoploss above 1159 Target 1084
Bearish Wolfe Wave/Good RR ratioWolfe Wave formed at the top area could offer a good short trade with reasonable Risk to Reward ratio. One can short the stock below 1090 and look for a targt of 980.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Playing with trendlines and preparing for a short.Bata is looking so ripe for short, depending upon market conditions I would like to be on sell side unless I see a strong downward rejection.
dark green lines would be the target incase nifty fails to hold 10000 levels in coming months.
Trade accordingly and don't forget to share your opinion in the comments section.
bata swhort trade setupTheir is a possibility that bata might bounce from area marked with white line but with over all negative sentiment I suspect it would be able to hold at this price.
RED LINE IS THE STOPLOSS AND GREEN ARE THE TARGETS.
DO SHARE YOUR OPINION IN THE COMMENT.
MyAlgo : xMRSI-Progresser: Intraday : 21Sep-BATAINDIA-ShortBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 21-Sep-2018 for BATAINDIA
Sell Below(5Min candle close): 984.9 for targets -
T1: 977.5
T2: 973.1
T3: 968.5
SL: 992.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Bata (Shoe's) Look interesting - 3-4 days tradeHi All ,
Following is strategy , Don't expect 10lakh profit in 1 trade, Be realistic.
we expect 5-10 rs profit in below Bullish spread.
Buy 1100 sep call @ 31, 1 lot
sell 1120 sep call @ 23 ,1 lot
Stop loss would be End of day closing below 1055 , Target would be EOD close above 1100.
we will keep this trade active for 3-4 days.
P.S Options are risky , consult your financial adviser before taking any trade.
