I hope you can now see how BATAINDIA represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be...
BATAINDIA LONG above 1485
BO after 6 month consolidation
sideways zone is 1400-1210
weak below 1200
we may see target of 1700
above all important moving average
KEEP AN EYE ON THIS STOCK
TRYING TO BREAKOUT FROM RANGE
TRADING ABOVE ALL MOVING AVERAGES.
DONT TAKE TRADE BASED ON THIS, ANALYSIS FOR EDUCATIONAL PURPOSE ONLY.
Bata gave a good move with vol in last session
However a safe player is advised to buy above 1470 for the target 1600 sl to maintain at 1410
Risky player can buy if high (1445) sustains for good returns wsl 1360 (200dma)
Note : This idea is for only learning purpose
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.
