Bata 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...
BATA INDIA HOLD FOR 10-15% UPSIDE... Expecting a quick upmove, can be held positionally.
Bata India has been trading in the zone for few days, wait for the trend line break and take positions accordingly.
The 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...
Buy Bata India At Cmp 1589 SL - 1527 (DCB) Target - 1900
BATA form cup and handle pattern it may test 1900 soon
bata india don lifetime breakout now expect reversal from same breakout level. keep in watchlist 1:5 rr setup their
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 making ATH today with Strong breakout candle above resistance levels.
Bata 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
This 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
Hello 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...
Simple 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...
RELAXO - On a downtrend for sometime. Nice range to accumulate.
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....
IH&S pttern formation breakout ........................raising channel pattern.................................
Box breakout retested with less volume, Good to enter if it opens above 1785, Buying 1780 CE & Hedging 1800 CE can give a 1:2 R:R
A very interesting cup-n-handle trade setup is developing in BATAINDIA. The cup is already formed and the handle is currently in development with two possible lows for the handle: (1) around 1635 and (2) around 1600. The scenario (2) is more likely since this is the more frequent S/R level seen in several instances in the past 2 years, with a major support in...