Simple Trade Setup | BATAINDIA | 08-09-2021NSE:BATAINDIA
I am posting this on request from one of my follower.
Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BATAINDIA
Simple Trade Setup | BATAINDIA | 30-08-2021NSE:BATAINDIA
Observation:
1) On daily time frame it has made cup and handle pattern breakout and sustaining it.
Please refer below chart.
2) On Daily time frame it has been taking support from trendline.
Please refer below chart.
----------------------------------------------
Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BATA INDIA CUP & HANDLLE SUPPORT RETESTNSE:BATAINDIA
stock had given BO from CUP & Handle pattern on weekly chart.
and recently Retested its support level.
after confirmation of reversal from support one can trade with Positive bias for long term/investment purpose.
keep SL below BO level.
very short term target: 1810-1820
medium term : 2000-2050
**EDUCATIONAL PURPOSE
BATA INDIAN BreakDown Short Opportunity As we can see stock broke trendline which it was followed from last 8days which is 11th of Aug and it broke todays in last 2 hours ....
so as price action we can initiate Short below 1718 It might come up to retest at 1730 then if see good red strong candle which s hows bearishness then only u can go for short
Sell Below - 1718 on closing on 15/30 TF
Target -1685
SL- AS PER OWN RISK
#Bataindia watchlist stock for potential short term breakout#bataindia watchlist stock for potential short term breakout
all timeframes are bullish in momentum and trend.
at a 2 year old major resistance zone and daily volume spikes seen that could be attempting to breakout.
momentum showing a bounce from the support on daily after range shifted from sideways to bullish
rounding bottom on daily seen.earlier june attempt failed and so entry with tight slop loss and only after green close above resistance.
trade for short swing /short term since another resistance exit 100-200 points away
Cup and Handle Pattern in BATAINDIA for Target of 2080+On Daily time frame BATAINDIA showing the breakout of cup and handle pattern. After this breakout expected it will continue it's bullish rally upto new target of 2080+ in short term time period. Can go long in this trade above 1700 for target of 1850, 1950 and 2080+. Downside weakness possible in case it's started trading below 1545 so we can place our stop loss at this level.
Go Long on Bata IndiaBata India broke out its major resistance level 1685, Can see a good upside momentum from here.
CMP- 1688
Good Accumulation range- 1645-1680
Upside target- 1780-1815-1880++
Stop Loss- 1615 on closing basis
Duration - 3-6 Months
If sustains above All time high, then next target is 2100++
Bata India made Cup & Handle pattern is it Good for swing Trade?=> We can go long only if price close above 1700 level (Price should sustain above 1700 level at least for 30 min)
=> Risk reward for this trade is 1:1.84
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
Bata India for 1809, Entry at CMP. SL: 1651Hello Traders,
BATA India looks like a very beautiful chart, Forming cup with a handle.
Taking fresh trade as follows:-
Entry: 1670
Target: 1809
SL: 1651 (DAILY SL, meaning if at 3:25 the stock trades below SL then we consider SL as hit)
Happy Trading!
Thanks