Ever since the Rally off the March lows, Bata as a stock has been struggling and massively underperforming Nifty. Clearly something is wrong here that means, possibly a Long Term Top in place and a BIG TREND CHANGE..... as its looking Quite Bearish on the Weekly & Monthly Charts too.
Now coming to my Short Term Bearish view as per Daily Charts:
- You can see a...
If you have faith in my calls, remember Bataindia may give you targets around 1820 in near term. You will remember me if you BUY.
You will surely remember me if you dont Buy.
Chart learners may ping me for reasons.
Bata India Limited : Shoe Stores Company ( NSE:BATAINDIA ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or...
Bata India Ltd ( NSE:BATAINDIA ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for intraday traders.
Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or low/high swing backward...