Taken support and closed at 1704 . Looking for buy at 1700 with a target of 1730/1760 sl 1785 on closing basis. As far keep US-IRAN news in mind. Can be taken in cash instead of Futures . No options.
warning: this idea is to journal my findings for my personal use. Advising you to do your own analysis before entering
The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support....
Fake Double top with Bearish Divergence on 30 Min chart, Sell Below 1700 with StopLoss: 1724 TGT1: 1678 TGT2: 1655
1. H&S Pattern played out on the top of BATA India. 2. H&S Neckline Broke down. 3. Expected downside range 1500
NSE:BATAINDIA is basically on a trendline taking support at the moment that extends from June 2019 highs to today. This is a critical prize zone for BATAINDIA . Any closes below the trendline on a daily basis will signal a Sell/Short and a strong bounce will a candlestick pattern like a bullish engulfing will signal a low risk Buy with the Stop loss being below...
BATA INDIA: The stock is in a dominant trend up though we notice there is a momentum loss which is leading a correction. Now the stock is just at the SPAN support, a good price action (bullish candle) is required here to assert the trend else it may lead to a deeper correction till 1530 levels! We can notice a TK cross. The RSI took resistance at the bear extreme...
IF LOWER TRENDLINE IS BROKEN TARGETS FOR SHORTS ARE GIVEN STOPLOSS IS 1780 NOTE: FOR EDUCATION ONLY NO ADVICE
BataIndia bullish buy setup. After giving a rally BataIndia was consolidating with a flag formation. One can buy BataIndia now with a stoploss around 1635 for a Target of 1850 and 1900.
NSE:BATAINDIA Bata India Flag formation on breakout can touch 1950 levels
BTST IN BATA INDIA AUG FUT BUY @1467 STOP@1450 TARGET@1500 LOT:550 QTY:2