Good Day
Hello Traders,
Bata India its at critical point of it started trading below 1757 then will be a good candidate for short.
You can play for upside with strict stop loss, however majorly the trend is downside
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do...
In today's session, BATAINDIA gives breakdown of Rising Wedge pattern at 1795 level. After this breakdown expected downside target 1775 to 1730+ level in next few trading session according to chart pattern. Can short BATAINDIA below 1795 with stop loss of 1820 for this target.
Trading strategy:
Buy near 1995 , keep SL of 1950 and look for the target of 2050/2080. 2080 is the level where wave 5 = wave 1
Theory :
MOTIVE WAVES: : Motive waves are progressive waves which shows the trend is going to progress & are having a five-wave structure. While the corrective waves are a halt to progression and consists of a three-wave...
NSE:BATAINDIA
Observations:
1) On 1 day time frame, it took support from 100DMA and back to critical range 2040-2060.
This range will work as resistance if it trades below it and will work as support if it trades above it.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, it looks like formation of inverted head and shoulder pattern....
NSE: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...
NSE: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.
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Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the...
BataIndia 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.
For NIFTY And BANKNIFTY Calls
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Now it looks exhausted at top by making Head And Shoulder Pattern. 1480-1460 is the Neckline Zone for H&S. Time to be careful for the Shareholders Of BataIndia.
Bataindia
Head and shoulder pattern Breakdown
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
If sustains below 1610 for the targets of 1575 and 1560 until 1635 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
![BATAINDIA: Simple Trade Setup | BATA | 27-01-2022 [INTRADAY]](https://s3.tradingview.com/o/OR5XxNJv_mid.png "Simple Trade Setup | BATA | 27-01-2022 [INTRADAY]")
