BATAINDIA
BATA INDIA with Double BottomBata India formed double bottom pattern between its 100 EMA and 200 EMA, we can long here with stoploss below 1819 for a target of 2025.
It may face resistance near 1920 and 1960,
Once it touches 1960, we should trail stoploss to 1919
and after touching 2000, we should trail our stoploss to 1960..
Bata India (Daily) - Head & Shoulders Chart Pattern Bata India (Daily)
Chart Pattern - Head & Shoulders
Wave Count - 4th (seems to be in the C wave of ABC / ABCDE)
Indicators/Oscillators:
MACD of the weekly is downtick
MACD of daily is downtick and NCO too with solid red bars of the histogram
BB about to get challenged on the lower side (BBCD)
RSI is below 40 in oversold zone
Stochastic 14,3,3 is NCO and about to leave the band for oversold zone
-DI is above +DI in Directional Movement Index (DMI) indicating downtrend and ADX is above 15
Target:
During the fall, it has a major resistance at 1686.55, this is the same level on the chart at which it had faced resistance twice earlier while climbing up and hence could be the first target while shorting
Caution:
Liquidity is a serious issue, please check the OI data in the Options Chain in case you wish to do options trading or implement a vertical spread like Bear Call Spread
BATA INDIA - Triangle PatternWhy this Trade..??
1. Triangle Pattern
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
BATA LOOKING A GOOD BUYBata has formed a Bullish Candle and looking a good Buy for upper marked targets on chart until 1990 is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bata Long (RSI and Ratio chart)Analysis of Bata India on the basis of Ratio chart and Trendline
Target - 2900 (Top of trendline)
Analysis on the basis of Ratio chart shows reversal in strength of Bataindia w.r.t to NIFTY. Reversal in strength w.r.t NIFTY and channel breakout are strong signals to buy.
RSI - the RSI continuously staying above 60 further shows momentum in stocks.
Chart is self explanatory.
Please comment if not clear.
Bata India futuresBata India futures
15m chart
CMP:- 2180.20
Looks like an ascending triangle pattern and the candles have the momentum that may lead to a solid breakout!
#Bata weekly cup pattern breakout in progressBata is having a cup break out in progress since few weeks now.
Stock at all time high price levels the momentum is bullish on all timeframes while trend indicators are bullish as well
with strength seen rising on all timeframes.Weekly may be forming an unconfirmed momentum divergence need be cautious about.
The stop loss below the breakout zone could be tried for a positional play with entry on the daily candle.risk reward for short swing
trades may not be very favourable.
BATA INDIA HOLD FOR 10-15% UPSIDEBATA INDIA HOLD FOR 10-15% UPSIDE...
Expecting a quick upmove, can be held positionally.
BATA India - 15 MIN, Wait for the BreakoutBata India has been trading in the zone for few days, wait for the trend line break and take positions accordingly.
BATAINDIA - Retest Structure - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months 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.
BATA INDIA good RR setup for watchbata india don lifetime breakout now expect reversal from same breakout level. keep in watchlist 1:5 rr setup their
BATA INDIA (swing)looks great for swing trade , recently broke a channel patter in weekly tine frame , trading with high volumes, entry price 1943, stop loss 1814, first target 2127
BATA INDIA BREAKOUTBata has broke the resistance of ~1838.
Relative strength is just turned positive.
Volume delivery is also looking good previous red volume candles are small compare to the green ones.
We can see 20-25% upside in this stock.
Still it has pre-corona resistance at ~1873.
We have good support at 1700-1730 zone.
#TrendIsYourFriend
BATA INDIA is Ready to FlyThis stock made a parallel channel. Now the stock went above the middle line of the Bollinger band and also cross the pivot line. So, it shows a clear breakout.
Therefore, it shows a very bullish sign.
Short term TGT== Rs 1850
Long Bata India: Volumes picking up, breaking all resistancesHello Traders,
Bata India has moved up breaking above its all time high. With volumes picking up, we can expect it to give it a further upmove.
WIth 3:2 RR we can trade it as follows:-
My trade would be placed a follows: -
CMP: 1835
Entry price: CMP or 1835-1841.
Target: 1985
SL: 1736 (Daily closing basis)
If it opens at a lower price I would wait for Bata India to start moving up before taking an entry rather than buying at a lower price.
Happy Trading!
Bata India - Diwali + Back to office rush - Footwear UpSimple glance at Advance decline ratio gave me confidence of bullishness on this stock.
Diwali mandatory shopping + Back to office rush - Bata got to run.
It’s a no brainer.
2300 then 2400. try to book profits, at least some post 2400 level.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
H&S Pattern Bearish Sign..Forming H&S pattern But yet not formed completely so take trade accordingly ....
For Short Levels given on chart ....
Take Trade on ur own risk....
