BATAINDIA
Bata Bullish above 1300Targets 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.
Bata India stock reviewStock has been moving in a range of 1150-1300. Over the last few trading session there has been a sharp rise in volumes which shows some positive signs in the short term. Stock has been seen to take resistance near 1284. We expect prices to remain neutral and stay within a range of 1220-1290.
Buy at cmp for a target of 1340Buy 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 .
Bata Could be Good Short Sell this weekSell Bata Only below 1230 Target 1180.
Only for educational purpose
BATA INDIA HARMONIC LEVELS BROKENIT HAS ALREADY BREACHED 3 PRIMARY HARMONIC LEVELS FINAL IS AT D IT WILL HIT IT AFTER THAT 2 OTHER TARGETS ARE GIVEN
BATA INDIA - SHARK BATA INDIA - SHARK
Probability of temporary bounce is on cards from shark prz zone.
BATA is a highly overvaluedAt 1119 the RSI was at 83-84 & now at 1276 the RSI is around 75 shows a clear sign of overvaluation & also steeper the climb faster is the downfall. Short @ 1280-1300 & for a T1 of 1080 & T2 of 850.
Bata - lower band of a channel - Buy near 1800, S,L 1780Buy Bata at present levels for targets 1853 and 1906.
BATA INTRADAY AND POSITIONAL VIEW****INTRADAY***
long above 1803, SL 1787
Target 1822/1834
short below 1780, SL 1798
Target 1764/1751
***POSITIONAL*** FOR NEARING RESULTS, WHICH CAN BE VERY GOOD
LONG ABOVE 1815, SL 1790
TARGET 1856/1870
BATA INDIA ANALYSIS FOR 31ST JANUARYLET THE CANDLE BE CLOSED ABOVE OR BELOW RED LINES TO GO SHORT AND LONG GOOD LUCK
TRADE AT YOUR OWN RISK
