Bata India is heading upwards after retesting the breakout which is a big move ahead
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...
In 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.
In Bata looks like correction has ended and stock if moves above 1855 can easily show 2200-2300+ targets with small SL of around 100 points.
1. Cup & Handle formed already. 2. Waiting for handle breakout. 3. Recently consumption stocks are doing well. 4. Upcoming festive / shopping season.
Simple trespassing to reach the previous ICMC to retest it A rise till ICMC to retest it!
Channel breakout in higher time frame then great consolidation then again breakout very good long opportunity
The 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...
after channel breakout Bata stock is entered in another channel pattern . If breaks 1950 level can go up.
After a long consolidation finally its looking like a flag on pole, keep in radar.
Bata India Ltd (BATA) strong Breakout at 1 hr chart and daily chart pattern. Time to go for long in bata India. Buy above current level 1921. Target 1951,1961,1992, Time to accumulate good volume and momentum today. Thank you.
It looks weak judging by the structure and two failed attempts at the break of wedge shows that it can test trendline again
After the failed breakout it has formed a double top sort of formation, it can test 1650 if it enters the wedge pattern again before going high.
Bataindia Shortcovering will Brings The stock at Consolidation..... Retest done, Breakout Done, Will Go Up slowly Slowly by this week & will reach to 2050. ICICI Direct Target - 2200.
BATAINDIA Looking at Chart, Retest is done at Point of 1900, Now Goes for Target 1 - 2050, Buy and stay for Long Rally for next 2 Weeks. Trade on your own Risk.
Bata India back on Rally to Continue for Upmove. Retest Done at 1900 today & Will Act as Support. Upside Rally can be Shown tomorrow, Target 1 - 2060, Target 2 - 2150, Target 3 - 2300. Educational Purposes, Trade on your own Risk.
BATA; keep on track;retest going on; retest ke baad dhamaka hoga ; fundamentally strong; you can hold it for few months for 20 percent gains;
Recent 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