On monthly and weekly chart formation of Triangle pattern is created & Wait for this to break out or breakdown will get good results on either side. but more likely to stock move in the upward direction as the stock is above 50 EMA on monthly trend. As we need to catch the trend. There is small correction level currently in the stock. So add the stock list in...
On Hourly chart there is reversal so can go long with aggressive stop loss of 1263.5 on closing basis else safe stop loss as shown on chart on closing basis
bata gave a head and shoulder breakdown keep a stoploss of 1305
and target of 1180. entry point according to your risk appetite (in between 1265-1275 will be good )
Bata has broken the kumo cloud
and shows strong upmove
with the upcoming uppercircuit we may expect 45-50 rupees
Buy above 1326 for targets of 30/45/50 points
All the best
Bata looks bearish with a negative kumo cloud and may easily fall
Take short position at 1310 for immediate target of 1297 and then 1285
Looks weak for tomorrow
Targets 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.
Stock 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 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 .
