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++
BATAINDIA
Bata India - Strong Straddle OpportunityStock currently in strong uptrend
But also approaching near strong supply zone
Expecting the stock to remain in a pendulum mode
As the expiry is far, and the premiums are as well high, a straddle opportunity is on the cards if played well
Expecting the stock to remain between 1420 - 1350
BATA - Creating reversal structure - Is reversal Possible?Price Analysis & Overview:
1. Need volumes.
2. Strong candle is expected.
3. Price structure formation is favouring a bullish trend.
4. RRR looks attractive.
5. Halting near important fibonacci support.
6. Expecting to form a higher high from CMP.
7. Trade can be planned accordingly.
3D TF:
- Stay tuned for further insights, updates and trade safely!
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Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
BATA India Long setup ReadyLong bata india between 1420-1425. There is a very high probability that the stock will bounce back from the support level. Also, a bullish engulfing candle can be seen on the chart. Risk to reward is awesome in trade. Once stock starts trading above 200 EMA we can trail the SL. Add the stock in your watch list. This is for your educational purpose only.
Bata India Breakout OpportunityBata India is on the verge of a breakout, showing promising potential. However, to manage risk, set a stop-loss at 1470. If the breakout succeeds, the target is 2315. This setup could offer a substantial reward. Keep an eye on this stock for a potential trading opportunity. 🚀👟
BATA INDIA analysisBataIndia is approaching the 2022 bottom price, indicating a potential upward trend. Breaking the resistance level at the lowest point of 2022 could lead to targets at 1625, 1642-47, and 1660.
Bullish invalidation on the rejection of resistance range of 1640-1625
Prices on rejection will be looking for a downside target of 1575 and 1510 as initials.
Falling Wedge pattern breakout in BATAINDIABATA INDIA LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1445+.
✅Can Go Long in this Stock by placing a stop loss below 1315-.
Best swing trade idea on BATA INDIABATA INDIA has fallen 40% from highs !!
Stock has always given correction around 40 to 45% in past
Right now 40% correction is done and if stock fallen more 5% from hereon then support is coming around 1220-1260 levels.
Stock has broken its medium term support which was working from 2019
But stock is also making falling channel and it is working properly.
So if anyone is interested in a stock for a long term then should not of 5-6% correction from here and should start accumulating from these levels.
Also this is best swing trade idea for 30-40% upside from current levels.
Thank You !!
BATAINDIA Breakout of Darvas boxNSE:BATAINDIA 1W TIME FRAME
1. Trading at a support line at ₹1358.00. The stock is experiencing accumulating buying interest and is expected to bounce back up. The stock price is currently resting on this support level.
2. Darvas Box: A rectangle on the chart created by drawing horizontal lines at the highs and lows of a trading range. The idea is that the stock price will eventually break out of the box in either direction.
3. In May 2021, the stock initiated an upward move from 1350 to 2000, then retraced back to support. Starting from where the last journey began in March 2023, the stock once again saw an upward trajectory. It later retraced back to support. Now, mirroring previous patterns, it's establishing a base. In April 2024, sellers attempted to push the price down, but they were unsuccessful. This failure indicates high accumulation or buying interest, suggesting a potential upswing. If the stock consolidates near resistance and forms a base, we may anticipate further upward movement.
It is important to conduct your own research before investing in any stock.
Few Examples of Darvas Box For better understanding
Darvas Box Bigger the bigger the potential of upswing
Ex 1 .
Ex 2 .
Ex 3 .
These are examples for better understanding about the Darwas box.
SWING TRADE IDEA - BATA INDIASymbol - BATAINDIA
BATAINDIA is currently trading at 1340
1280 - 1350 is a good support area for BATAINDIA.
I'm seeing a trading opportunity on buy side.
Buying BATAINDIA Futures at CMP 1340
I will be adding more if 1300 comes & hold with 1280 SL.
Targets I'm expecting are 1435 - 1525 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Bata - Positional SetupThe stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes.
The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk.
If goes well, then the risk-reward ratio is quite good according to the projected targets.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
BATA - Will this move to Next stage BATAINDIA - Expected to Move beyond 1750 during Aug time frame, but continuously taking resistance from Weekly Gann trend line in past 22 weeks.
Currently trading above most of the moving averages on D/W/M time frames and taking support from 1650 levels.
If aggressive, We can take an entry above 1675 and if sustains above the trendline, we can add more.
Net Buy Volume is also on rise from past 6 weeks
Another view on Weekly TF - with Market Structure :
This is my view... and not a recommendation in any way.
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%
BATAINDIA | Swing Trade📊 Details
Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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LONGSETUP BATA INDIAA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of BSE:BATA1!
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Flag and Pole
Technical Indicator :- Positive MACD Crossover
EARLY ANTICIPATION OF A RALLY IN BATA INDIABata india has now regained its 1600 level, hovering at around the falling trendline. It might breakout after a consolidation, also festival and wedding season is coming.
BUY ON DIPS IN BATA INDIA.
1550-1650 is very strong support for bata india. Make positions around this range or buy at current market price.
Stop loss at 1530
Targets at 1850, 2000, 2150, 2400, 2700, 3000.