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Chart Analysis for BATA INDIA (Weekly Timeframe)Hello, Everyone. I hope you all will be doing well in your life and investing. Here I have brought a stock that is going to break its consolidation. Boarding Allowance & Travel Allowance—(Surprisingly Bata) is the name of the stock. CMP is 1460. Strong support at 1300-1340. Price is consolidating between 1000 and 2000 from August 2018. If it crosses 1550 and closes above it on a weekly basis, then there's no turning back. It may break 2000 by Aug 2025 after 7 years. And if it breaks 2000, then the chances of upside are 2200 and 2700 to 3500 as per Fibbo. The risk-to-reward looks very good. With 1300 SL, the target is 2000+. Just an assumption. Please do your research. Not a suggestion of buying. Source: Screener.in Bata India Ltd About  Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network. Key Points  Parentage As of June 2024, the Bata Corporation holds a 50% stake in the company. Founded in 1894 in the Czech Republic, Bata Corporation is the world's leading shoemaker by volume having a retail presence of over 5,300 shops in more than 70 countries across 5 continents, and operates 21 production facilities in 18 countries.  Market Leadership The company is the largest footwear retailer and leading manufacturer in the Indian footwear industry with 1,860+ retail stores across ~1,500 towns including franchisees in FY24 growing from ~1,700 stores across ~890 towns in FY20. It has an overall retail space of 3.68 mn sq ft.  Manufacturing Facilities The company has 4 manufacturing units at Batanagar (Kolkata), Bataganj (Bihar), Peenya (near Bangalore), and Hosur (Tamil Nadu). It has a manufacturing capacity to produce 21 Mn Footwear Per Annum.  Brand Portfolio Bata, Power, Marie Claire, North Star, Naturaiser, Scholl, Bata Comfit, Weinbreneer, Bata Comfit, Hush Puppies, Power, etc.  Technical Collaboration with GFS,Singapore The company entered into a 10-year agreement with Global Footwear Services Pte. Ltd. As per this agreement, Bata receives guidance, training of personnel, and services from GFS in connection with R&D, marketing, brand development, footwear technology, testing & quality control, etc. for which the company paid a fee of Rs. ~50 Cr in FY24 (~1.5 % of revenues).  Shift to Asset Light Business Model The company focuses on an asset-light model of operations by opening more franchise stores compared to company-owned and company-operated (COCO) stores and remodeling the existing ones. As of FY24, it has a network of 500+ franchise stores and 1,320+ COCO stores compared to ~170 franchises and ~1,390 COCO stores in FY20. The company renovated 180+ stores in FY24.  Non-Retail Business The non-retail business division comprises Multi-Brand Outlets, Key Accounts, industrial and institutional business divisions, and exports. Its MBO network has been expanded to 1500+ towns. 700+ enterprises provide Bata shoes to their Employee/Customers through its B2B Division.  E-commerce Footprints The company has one of the largest Omni-network (home delivery) in India covering 1700+ stores. This channel contributed to 1+ million pairs of sales in FY24. Its e-commerce marketplaces business registered a growth of 41% YoY and Bata.com registered a growth of 31% YoY in FY24.  Diversifying Portfolio In FY24, the company launched its First Power EBO store in Noida, with plans to add 10 new stores by Q3 FY25. It also launched Power apparel for athleisure in India, as of FY24, Power apparel is present in 70 stores, and plans to expand it to 100 stores by Q3 FY25. The company tied up with ABG brands in 2023 and launched Nine West, a premium brand during Q4 FY4 by launching 40 stores and it is planning to add 30 new stores by the end of Q3 FY25. It also expands Floatz Kiosk from 11 stores in FY24 to 30 in Q3 FY25. Sneaker Studios implemented in 698 stores.  Focus The company’s business strategy is focused on premium brands like Hush Puppies, Power, Nordstar, Comfit, etc. which contribute 40% of revenue as of FY24.  This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:BATAINDIALong
by Alleyshah
SWING TRADE IDEA - BATA INDIASymbol - BATAINDIA BATAINDIA is currently trading at 1340 1280 - 1350 is a good support area for BATAINDIA. I'm seeing a trading opportunity on buy side. Buying BATAINDIA Futures at CMP 1340 I will be adding more if 1300 comes & hold with 1280 SL. Targets I'm expecting are 1435 - 1525 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BATAINDIALong
by akshit_official
BATAINDIA: Buy for Long TermThe stock bounced back from it Fibonacci retracement of more than 0.618 of 1370.45 as of 20th March 2023, from its all time high of 2182.75 reached on 16th Nov 2021, falling more than 37% from it all time high. The stock had bounced to 1771.45 on 8th Aug 2023 and back to a low of 1530 on 9th Nov 2023. Since then the stock has broken out of its downward trend line on the daily chart on 15th Nov 2023 with more volumes than the previous day and is now trading at 1603.06 as on 16th Nov 2023. INFERENCE: The Stock can be bought at these levels and accumulated if it drops further with a STOP LOSS around 1550 levels. The stock looks good for a decent capital appreciation in the long run. TARGET: We can expect a medium term (4 to 6Months) target of around 1900/- The stock should show strength once it crosses the weekly downward trend line. The company has been paying dividends regularly but the yield is less than 1%
NSE:BATAINDIALong
by ajayharidas
BATAINDIA 15 min chartHello Everyone, BATAINDIA on 15 min chart inside traded 15 min white huge candle,its mean sellers power decresed and buyers try push up, * BATAINDIA on Daily chart continue fall this stock select only intrady purpose and swing trade if break 1442 levels then we will see next levels 1450,1465 but if break last 15 min candle Low then plan to sell side 1428 support zone *those levels only educational purpose, we not provided tips and calls. ***LEARN AND EARN***
NSE:BATAINDIALong
by POWER_OF_STOCK_ANALYSIS