BATAINDIA
bataindiaNSE:BATAINDIA1!
chart have first bearish butterfly @ 2261 and price falling for completed the target of butterfly .
now on current price chart show some reversal patterns and PRZ area between 1395-1260 with ab=cd ,Bat,@ channel bottom
for reversal we should plan entry in 3 part
buy bataindia above 1448 (30%) add more 1348(30%) rest near stoploss 1270 (40%)
weekly closing stoploss below 1250
target 1639-(close above 1710 next target will 1980-2260)
BOLO JAI GAJANAND
BataIndia a Screaming buy scriptWhen it comes to rewarding it's shareholder over the period of years and clean management then Bata is one of the top companies in Indian Stock Markets.
And if you get such company at reasonable price levels backed by Technicals then it's no less than it's no less than a Gem...Add some BataIndia here adn Some at Lower Levels for new highs of ~2600
BataIndiaPrice is under falling channel with RSI showing +ve divergence
It has also closed above 20dema after 76 session with good volumes and as per VSA analysis, even though volumes were higher candle stick spread is very small and this has appeared in a downtrend. It can be sign of smart accumulation here and breakout above 1450 could trigger good short covering.
Daily Bollinger band has also become narrow and has got a potential of band blast on daily tf
Keep this setup in radar.
BATA INDIA : WIDE RANGE FORMATION NSE:BATAINDIA
Bata India forming a wide range on 30 min TF and plans to play in between the range or trade the breakout
the volume is crucial to watch
if the daily candle closes above the supply zone then aim for a swing move up.
trade with proper stop loss and do your analysis too.
like and comment your views below
Thankyou
Keep learning
Happy trading
Bata India looking good for Buy Bata India Ltd. (BIL) is the largest retailer and leading manufacturer of footwear in India, with 2,000+ retail stores as of December 2022.
We downgrade to Accumulate rating (from Buy) and revise our target price to ₹1,620 (from ₹2,155), factoring current weak demand. Revenue grew by 7 per cebt YoY aided by an improvement in the premium mix.
Average selling price (ASP) improved by 13 per cent y-o-y to ₹772. Inflationary pressure and an increased GST rate impacted volumes in mass categories, which is likely to improve gradually. Gross margin improved by 210 bps y-o-y to 54.8 per cent y-o-y, while EBITDA margin improved by 290 bps y-o-y to 22.9 per cent abetted by improved ASP and cost optimisation measures.
Bata India targets about 500 franchisees by 2024 and has already opened 392 across 330 towns. This, along with store renovation, portfolio casualisation, and distribution expansion will support volumes. Measures to improve the supply chain and asset light retail expansion, will enhance margins.
Given its strong brand recall & reach, we believe, the company can revive its revenue growth trajectory. We value BIL at 43x on FY25 EPS.
BATA: Sideways to BearishNSE:BATAINDIA has overall a range bound of 1320 to 1400 range.
However if 1370 is broken (mentioned in green color small support line) it will retrace back to 1330/1340.
If we look at the OI Data: Very high fresh call addition at 1400 strike.
If Bata persists below 1370 for 30m, buying a 1380 (or better) 1400 Put (29th March) seems lucrative trading option.
Or even better a Bear Call Spread :
BUY 29th March 1400 Call Option
SELL 29th March 1300 Call Option
RR: 1:2
PoP: 42%
Margin: 42k.
Breakever: below 1369 (where is our support line)
All the best!
Recession and Bata what is Relation ???Now day everyone is talking about recession,
And worldwide so many companies are cutting cost and fire the employee.
Directly Indian companies are not looking to cut employees but it's affect is clearly visible in stock market.
It's my personal us for my view Bata India is affecting and example of this things.
On a weekly time frame on daily time frame I am looking Bata India downside at 1200 level.
I will update my view time to time on Bata India if you are looking position on Bata India , you can look for March future.
i will update this idea time to time,
keep connected with me your comments are most welcome i am always online
thanks regard
Ravindra Bhise
BATAINDIA 15 min chartHello Everyone,
BATAINDIA on 15 min chart inside traded 15 min white huge candle,its mean sellers power decresed and buyers try push up,
* BATAINDIA on Daily chart continue fall
this stock select only intrady purpose and swing trade
if break 1442 levels then we will see next levels 1450,1465
but if break last 15 min candle Low then plan to sell side 1428 support zone
*those levels only educational purpose, we not provided tips and calls.
***LEARN AND EARN***
BATA at Strong demand zone.BATA is fundamentally strong everyone knows. Stock is at very good demand zone and near 200ema. If sustained at this level one can plan to invest for the short to long term.
SL should be 5% min with a target of ATH.
Disclaimer: we are not SEBI registered please take advice from your financial advisor before investing.