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.
BATAINDIA trade ideas
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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
BATAINDIA on the verge of breakout!Company with high TTM EPS Growth
Bullish Engulfing Pattern
(Bullish Reversal)
Positive Breakout Second Resistance
( LTP > R2)
RSI indicating price strength
R1
1,974.1
R2
1,986.7
R3
1,999.5
Pivot
1,961.33
s1
1,948.7
s2
1,935.9
s3
1,923.3
bata Inverted head and shoulder breakoutbuy bata for 2310, Bata is all set for a good upmove . with stop loss of 1970
Bata India LimitedNSE:BATAINDIA
Cmp : 2073
Closing Above 2113 will give an 8% Move.
#Study, Learn & Earn.
BATAINDIA | Looks downside is limited - Can expect bounce BATAINDIA | Looks downside is limited - Can expect bounce
CMP : 1396
SL : 1250
Target : 1850 or open
1:3 risk reward setup - Short term pick
BATAINDIA | Channel + Flag breakout ahead - Potential for 15%BATAINDIA | Channel + Flag breakout ahead - Potential for 15%
CMP : 1950
SL : 1880
Target : 2300
1:4+ risk reward setup
how to trade channel pattern tradeDon't confuse guys
In channel pattern two possibilities are at high -
1. either price consolidate and breakout
2. or price take resistance from top & fall
we can trade both but
1st case-
RR ratio 1:2& 1:3( anything more will have less probability
2nd case-
RR ratio is more than 1st like 1:3,1:5 easily
if we trade 2nd case then
SL will be just below the channel & target 1st will mid of channel & 2nd will be top of channel
[BUDDHA] BATAINDIA Inside Bar Trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Bata India Ltd - 15.03.2022Bata 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
14th March 2022 Nifty-BankNifty-Bata-Kotak Updates- Tool IntroBanknifty
at make break
watch for price action near imp key levels of 31800-32000 on down side 35900-36050 on upside,
Nifty
at make break
crucial levels 17050 area will open doors for more upside
Disclaimer: I am not a SEBI register analyst.
These views and study is my own for educational purpose only and not any trade recommendation.
Not responsible for any profit/loss.
[Buddha] BATAINDIA Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Cup and Handle Pattern in BATAINDIA BATAINDIA is forming cup and handle pattern in 30 mnts . Long trade level mentioned in chart . Happy trading Guys.
Simple Trade Setup | BATA INDIA | 02-03-2022 [INTRADAY] 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.
Please refer below chart : 15min Time Frame.
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Trade Setup for 02-03-2022
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 and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
