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BATAINDIA

BATA Getting Ready for a Massive CRASH!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 Clear RSI Bearish Divergence - MACD crossover sell signal alreafy generated, MACD too is showing a bearish divergence - Price is below Key Anchored VWAP levels - Head & Shoulder reversal pattern forming, Lower Highs and Lower Lows - Target headed to 1150 levels by October expiry - DO NOT GET BULL Trapped in this Stock, its extremely weak (ON THE VERGE OF BREAKING A KEY MONTHLY TREND LINE TOO!) Stay Safe and avoid Longs in Bata if you don't want to Short :)
NSE:BATAINDIAShort
by T_Harth
BATAINDIA is Making Rectangle Channel Pattern (Breakout Trade)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 Low/High swing backward inside the pattern. And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High. Target and StopLoss are never already fixed in the chart pattern. Thank you. You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit. Chart Published By Ravinder Sharma
NSE:BATAINDIA
by R_Sharma
BATAINDIA is Making Descending Triangle Pattern (Breakout Trade)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 inside the pattern. And as soon as you get a profit of 0.50% of your target, you will trail your stoploss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your stoploss above the last swing low/high. Target and stoploss are never already fixed in the chart pattern. Thank you. You always have to trade only by money management, position sizing, stoploss trailing. This is the way to stay in profit. Chart Published By Ravinder Sharma
NSE:BATAINDIA
by R_Sharma
BATA India: Bottom FishingBATA India is among the stocks which is yet to recover to pre-covid levels & still struggling near its low price this year. ROunding bottom formation observed and it has started rising with volume gradually. A volume buildup is clearly visible. Price is trading above 20 DMA and RSI is increasing as well.. All indications are positive. Company has good fundamentals as well. Top of the rounding bottom is on 1320 levels, Enter above 1320 . Target: 1450 SL: 1255
NSE:BATAINDIA
by finalyticsbreweries