#BATAINDIA TF-1D &1 1W
On verge of #Breakout on daily timeframe above 1680,Good volume spike seen today.
On weekly chart it has already broken trendline resistance
Above 1680 on WCB it is ready for 1800-1880+ targets
Keep on radar
NOTE:- IDEAS WAS POSTED PRIVATELY FOR CLIENTS .
Hit The like button if you liked the idea.
--- Trade was given on 17 -MAY -2021
---Trade is Closed in PROFIT on 07 - JUNE -2021
FULL TARGET done now..... 🎯
--Buy Above =1415 or CMP
--Target = 1509 | 1606
--Stop-loss = 1296
--R:R =1.61
--lot size =550
--Expected Profit = ( 13% )
--Expected Holding = 1-2 months...
As per my analysis, there is a strong Buy on BATAINDIA between 1350-1415 from the support zone. From the price action and MACD, I can infer that we will probably retest the interim support at 1468 and will fall further (H&S Shoulder pattern) to enter the demand zone mentioned above.
My Trade on Futures:
Lot Size: 550
Buy around 1415 (+1 lot)
Add more at 1350...
On Apr 28th, I had posted on these columns to go long on Bata explaining my rationale in detail.
Bata is going through a major correction since Mar'20 and has since been on what you call as a bear market rally until Jan'21. Since then, the prices touched a low of INR 1264 in Apr'21 when I posted this recommendation on trading view to go long. The retracement that...
After Good Correction BATA is Bouncing Back
Stock is above 200 Day MA
Above support of 1400
Bearish Trend line Broken
Target 1650 - 1800
Time 1-2 Months
After 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...
