Bata : Critical Point Can become a good short opportunity
Good Day
Hello Traders,
Bata India its at critical point of it started trading below 1757 then will be a good candidate for short.
You can play for upside with strict stop loss, however majorly the trend is downside
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
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BATAINDIA
BATAINDIA Rising Wedge Pattern BreakdownIn today's session, BATAINDIA gives breakdown of Rising Wedge pattern at 1795 level. After this breakdown expected downside target 1775 to 1730+ level in next few trading session according to chart pattern. Can short BATAINDIA below 1795 with stop loss of 1820 for this target.
BATAINDIA - Breakout + Retest Structure - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Recent resistance breakout in BATA INDRecent Resistance breakout in a BATA IND weekly chart.
For retest 1900 should act as important Support.
Targets are mentioned in the chart.
1750 will be Ideal SL.
This is just a view, not a recommendation to trade. Do your own analysis before taking any trade.
NSE:BATAINDIA
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entry and targets are given on the chart. Treat this idea as long-term investment
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