BATAINDIA has seen Trendline breakout on 4-hourly time Frame Chart and Looks very bullish, I am Looking to Buy BATAINDIA in Cash Segment around Current Price 1880- 1883 For the Targets of 2000/2100 And Stoploss 1770 (Time Horizon 5-7 Days)
Bata India Ltd - 15.03.2022
The stock is trading @ 1836 levels
The prices are above EMA
There is a HAMMER @ SUPPORT Level
Let the prices go above 1881, one can initiate a BUY position with support @ 1821
watch out for the price action
NSE:BATAINDIA
Observations:
1) On 1day time frame, it closed just above 200DMA and critical level of 1800 level.
From here we can see good move on either side.
Please refer below chart : 1hr Time Frame.
2) On 15min time frame, there is a double bottom formation.
Please refer below chart : 15min Time Frame.
Also we can see resistance channel....
Hi All ,
Following is strategy , Don't expect 10lakh profit in 1 trade, Be realistic.
we expect 5-10 rs profit in below Bullish spread.
Buy 1100 sep call @ 31, 1 lot
sell 1120 sep call @ 23 ,1 lot
Stop loss would be End of day closing below 1055 , Target would be EOD close above 1100.
we will keep this trade active for 3-4 days.
P.S Options are...
![BATAINDIA: Simple Trade Setup | BATA INDIA | 02-03-2022 [INTRADAY]](https://s3.tradingview.com/d/DC3JiDCu_mid.png "Simple Trade Setup | BATA INDIA | 02-03-2022 [INTRADAY]")
