BATAINDIA trade ideas
Bata india to take long entrySwing bata India after the BO of TL near the support level above 1825. All important levels are given on the charts. Stock is forming a bullish W pattern.RSI is also ready to cross 60 levels again the bullish signal. So this is the high probability trade setup. This is for your educational purpose only.
Bata india 15 min chart analysis.> bata is trading above all key moving averages.
> forming contionuation pattern in 15 min timeframe.
only for for learning, not a trading tips
3rd Week of July BUY Bata IndiaBuy BataIndia.
1. Inverted head-and-shoulder
(not classical, somewhat)
2. 3 times hit the 1817 level.
3. Ascending Triangle formation
4. William's Alligator wakes up -- ready to eat!
5. Both volumes and COI goes healthy upwards.
6. Price 50 DMA is crossing over 200 DMA
(50 and 20 DMA are in 1796. 100 DMA is in 1802).
BATAINDIA Sell for intradayBATAINDIA Sell for intraday by looking at Flag & Pole or rising wedge pattern
Add to watchlist This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
bata - parallel channel stock moving in parallel channel from long time now creating a trend-line resistance at smaller timeframe
buy when breakout stop loss pre breakout candle
target - upper trendline
Positional or Longterm Opportunity in BATAGo Long above 1748.8 for Targets of 1890.15, 2031.5, and 2172.85 with SL 1607.45
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.5 Fibonacci level.
3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
4. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
DESCENDING TRIANGLE BREAKDOWN PATTERN BATA INDIA Bata is looking a fresh short entry broken a important horizontal trendline with closing on daily chart
#Bataindia cash : Looks good only above 1750.10#Bataindia cash
15.06.2022
Looks good only above 1750.10
Stoploss 1730
Target 1774/1800
Cmp 1722.30
it is trying hard to break aboveplease refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
BATA is about to Give BIG MoveBata had corrected from recent high of 2040 till 1800 and managed to move higher.
ChikouSpan will become positive in next 2 days, which can leads to Buying pressure, & stock can touch 2030, 2120 easily.
CMP - 1948
SL-1868
TGT - 2030,2120
P.S - for Academic purpose only.
Bata India breakout near#BATAINDIA near break out so if sustain above level and retest than see good move in stock in long term , if lower breakout given by stock than we see heavy fall down in stock. It's for only education purposes.
hl llplease refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Bata IndiaBuy above 1968 with the stop loss of 1958. Targets are 1975, 1990 and 2005.
Sell below 1954 with the stop loss of 1965. Targets are 1940, 1920, 1902 and 1890.
Bata Resistance becomes support1450 is a very good level to buy Bata.
Its earlier resistance and also it is 200ema.
Can be bought with
Target of 1700 / 1900
SL of 1450
Very good RR
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.
Bata india on pole and flag patternif it break and close above 1960 can expect good move on daily time frame , must be on your watchlist.
please do your own analysis before take a trade
BATA INDIA: IMPULSIVE RISETrading 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 structure or various kind of its forms as a pattern.
Motive wave and its component waves, i.e., waves 1, 3 and 5 . Their structures are called “motive” because they contribute to the progression of the trend. Whereas corrective wave are the interruptions, which include waves 2 and 4. Their structures are called “corrective” because each of them are a reaction on the opposite side of the main trend.
There are some characteristics through which we can identify the impulsive wave. Every impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are –
1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1.
2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one.
3. Wave 4 never intervene into the price territory of the wave 1.
Will buy this, set up is as per my plan and benefits from India RS Positive, above 200 MA, all MA converges at a point, bullish candle, India Australia FTA. SL if it closes below 200 SMA
