Stock has confirmed it's inverse head and shoulders breakout on weekly charts over the levels of previous close, it looks ready for a big upside move from here as tyre stocks are still in traction. A long position is recommended with the mentioned stop-loss for the mentioned targets.
Stock has cleared the breakout levels in today's session and gave a comfortable close above those levels, which confirms the breakout, can definitely be bought here with the respective stop-loss for an expected profitable trade.
SBILIFE is in trading Range as you can see in hourly time frame .
SBILIFE already did several attempts to break the trading range formation but it failed .
Now the real question is why i am bullish on this still it failed to hold above trading range .
Because its above 200 SMA in daily time frame and if look closely you can see the bullish flag pattern in Daily...
BATAINDIA (Bata India Ltd) BUY ABOVE 1451.
Continuous price rejection from trendline and today's closing slightly below the previous Resistance of 1451. If price moves above 1451 with price rejection at the lower level, it will be a good buying opportunity for a target of 1460, 1470 and 1475.