Bata : -ve candlesticks & bearish rsi divergenceBATAINDIA has made -ve 3Star Candle Stick Patter with Bearish RSI Divergence, seem like after burning many hands its thinking to go short.
Entry : Strong Closing Below Red Line
Stoploss : 1430 (Closing Basis)
Basic Target: 1330
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BATAINDIA
BATA : Simple Short (Opportunity)BATA has completed all phases of an uptrend, now is time for a "U" turn.
Entry : 1270 - 1276 Range
Stoploss : 3% (Closing Basis)
Basic Target: 1240
Optional ways : Derivatives are best case as expiry is just 7days away.
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Sell BataIndia with SL 1218 for 11th FebShort BataIndia on rise with a SL of 1218 and target of 1179 - Intraday
Adjust trading volumes as per entry price.
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NSE: BATAIndia Momentum play for 1282NSE: BATAIndia Momentum play for 1282
Breakout momentum play for short term 1282
Trapped in range 833 to 1110 from June 20 to Jan 08
Current momentum can take stock to 1282
Possible Long above 1110 with stop loss 1088 for targets 1179, 1225, 1282 +
If momentum continues price may be pushed beyond 1282
Use stop loss and trail stop loss
BATAINDIA | Again same levelBATAINDIA as we predicted earlier (you can check our old BATAINDIA chart on TradingView), it fell from 1100 to 850 level. 1100 was end of 3rd Wave and Wave4 couldnt have entered into Wave1. Now it is again at same level. Wave5 can go till 1148-1270, however if it is truncated wave it can fall from here. One can go short into it at 1098-1104 (any level above 94) with SL above 1110. If it sustains above 1110, then we can go long for above said targets. Priority here is to go short with good RR.