BATAINDIA
BATA INDIA BreakoutAfter a long regression trend, BATA INDIA has been trading on the breakout zone between 137-1380. The stock shows a breakout at 50 MA above 1409. The upward targets for BATA INDIA are 1455, 1498, 1540. A downward movement can have immediate strong support at 1368. Monday's movement will be an important one. Trade carefully for first 15min to give you a confirmed move.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
BATA | TRENDLINE + INSIDER BAR BO AMAZING TRADE .... sitting on weekly green trendline .... just broken a trendline from above ... been anticipated for the at some months by me.... also 200dema on 1D chart is a lil far away can be treated as tgt1 but if seen that it breaks 200dema on D chart than a further up move can be seen.
Not to forget about the Mother candle made on 30th April created many daughter candles also called inside bars ... its been broken today and came out of the zone ...
Bata IndiaBata India - Cmp 1316
Can long at cmp with 1288 sl on closing basis for initial targets of 1385/1435.
BATA INDIA LIMITEDBATA INDIA on charts looks really good. Let me summarize the reasons in few points just to let you know why it deserves attention.
1. It is currently in its 4th Wave
2. A wolfe Wave has been formed with in its 4th Wave.
3. It has rested at few resistance points of its 3rd Wave. It could be seen as Resistance acting as support.
4. Surprisingly the Resistance acting as support zone and the 0.618 Retracement level of Wave 3rd is the same. Proving it as a strong support zone.
However reversal signs have not been seen yet. A closing above 1435 would confirm its reversal and activation of the wolfe wave as well. Once activated the first target would be 1546. Please avoid the stock till then.
BataIndia - Triangle breakout on cardsPrice getting rejected from the same level for consecutive number of times and now it is in the process of making triangle pattern which will lead to the resistance break and move further up breaking the resistance.
One can wait for the break and get into the trade.
BUY BATAINDIABataIndia Has Given A Decent Correction . Now Its A Time For Some Retracement Upmove.
The Stock Has Bounced From Our Weekly PRZ Area. Below The PRZ. We Will Short Bata. Till The Time Wait For The Levels To Enter.
Never Enter In FOMO.
Use Alerts For Entry.
All The Levels Are Given In The Chart.
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BATA INDIA A BIG NECKLINE ON WEEKLY CHART BATA CAN BE THE SHORT TRADE OR A LONG TRADE THIS IS A POSITIONAL TRADE
MAKING EXPANDING PATTERN ON THE WEEKLY CHART
be ready for new shoesmake or break levels for bata sl of nov low 1300 with targets of life high on monthly charts as above
BATA INDIA Trading SetupBATA near its previous important levels and also making a bullish hammer candle on the daily.
Bull wedge. Bull wedge on hourly chart. 1,2,3,4,5 done. Expect min tgt of 1600 after breakout. Please note that ... there is no H & S on daily chart. It already ends on 11th Feb. It proves failed pattern because today is 25th feb and price is above neckline. so wait for breakout and enjoy.
BATAINDIA short Idea#Freshview keep it on watchlist
BATAINDIA gave closing below support region. Breaking down 1430 Level can be weakness
Continued - Bata India Analysis Note : This is Chart 2 (Hourly Time frame) and is a part of the previous Bata India analysis that I just published.
Please study both charts before taking any decision.
Cheers !!
