BATA 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
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Bata India has breakout above 1322 levels. We can buy it for short term target of 1340 to 1395. I will keep stop loss at 1275 (safer side) Its my personal view, do check with financial advisor before any investment. My views may go wrong :)
BataIndia has made a descending triangle,upon breaking down 1270 level,then we will short it at this level.
As the stock is consolidating in the Parallel Channel, if it breaks the short-term trendline it can again hit it higher line of the Parallel Channel!
Time 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...
Bata Ascending channel pattern Short term target 1530 Stop loss - 1300
Check the chart for levels Wait for the reversal signal at the support
INTRADAY TRADE IN BATA SHORT@1383 STOP@1398 TARGET-1@1365 TARGET-2@1355 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
bata gave a head and shoulder breakdown keep a stoploss of 1305 and target of 1180. entry point according to your risk appetite (in between 1265-1275 will be good )
Targets are aggressive around 18-20% around 1550 and 1560. Would buy till 1200 with SL of 1150 on closing basis. View will be changed to bearish once closes below 1150 on daily basis.
This is by far the simplest chart i have ever posted. BUY above the red line for targets 1330 1340 and 50 with sl 1275.
Buy 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 .
Levels marked on chart. Wait for proper break.
Sell Bata India Below 1230 Target 1180 Sl 1283
Possible strong support seen at those level.