Bata India - Strong Straddle OpportunityStock currently in strong uptrend
But also approaching near strong supply zone
Expecting the stock to remain in a pendulum mode
As the expiry is far, and the premiums are as well high, a straddle opportunity is on the cards if played well
Expecting the stock to remain between 1420 - 1350
Bataindiatradesetup
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***
Bata Chart Analysis !!📈 BATA India 📉
This Stock Broke out from a Downtrending Trendline Zone after testing three times with a strong green candle.
Bias - Long
Target - 2073, 2230
SL - 1901
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.