BATAINDIA trade ideas
Swing Trading Opportunity The Cup and Handle pattern forms in Bata India with high volumes and bullish Marubozu candle breakout. The stock is above 30 days ema.
Go long after Breakout, set stop loss below the handle (Rs.2130/-). The targets should be placed near Fib retracement levels.
Bata Long (RSI and Ratio chart)Analysis of Bata India on the basis of Ratio chart and Trendline
Target - 2900 (Top of trendline)
Analysis on the basis of Ratio chart shows reversal in strength of Bataindia w.r.t to NIFTY. Reversal in strength w.r.t NIFTY and channel breakout are strong signals to buy.
RSI - the RSI continuously staying above 60 further shows momentum in stocks.
Chart is self explanatory.
Please comment if not clear.
#Bata weekly cup pattern breakout in progressBata is having a cup break out in progress since few weeks now.
Stock at all time high price levels the momentum is bullish on all timeframes while trend indicators are bullish as well
with strength seen rising on all timeframes.Weekly may be forming an unconfirmed momentum divergence need be cautious about.
The stop loss below the breakout zone could be tried for a positional play with entry on the daily candle.risk reward for short swing
trades may not be very favourable.
BATA INDIA HOLD FOR 10-15% UPSIDEBATA INDIA HOLD FOR 10-15% UPSIDE...
Expecting a quick upmove, can be held positionally.
Divergence TradingBata India shows a hidden divergence at daily chart. Price shows HL and Stochastic LL. Buy around 2000-2050 with SL of 1910. Target is 2400-2450.
Bata India: Ready for moveAs this is the best manufacturers of foot wears in India. I have come up with the best strategy in this India's best company of shoes and sandals.
On 1 hour time frame their is a trendline break and now the stock is consolidating at the very crucial level which is 1990.
On 15 minutes time frame the stock is providing a very important level and the target is 2000 for tomorrow. If the 2000 levels breaks then the next target is 2010.
So this is the very good intraday stock on which you can trade.
"I am not a SEBI registered broker. So kindly consult with your financial advisor before taking any entry in my trades"
Thanks & Regards
Have a wonderful trading
BATA India - 15 MIN, Wait for the BreakoutBata India has been trading in the zone for few days, wait for the trend line break and take positions accordingly.
BATAINDIA - Retest Structure - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
BATAINDIA BUYING OPPORTUNITYBATAINDIA is consolidating 2030 and 1945.
Above 2030 level good opportunity to go
long as its breaking strong consolidation range.
BATA IINDIA BEARISH butterfly -tf weekBEARISH butterfly -tf week
refer chart
can see decent downside
negation above 2220
-Educational purpose only.
-This is not a recommendation -
-I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by Trading Mirror telugu (youtube)
Bata India, LongAfter good breakout it has retraced to its support level, we can expect up side from here, my first target is 2210.
I am not a professional advisor.
Bata IndiaIt Seems like Bata India is respecting the long term trend line. I'm considering any dips as opportunity for Bata India.
Note. This is not a stock recommendation. Kindly consult with your financial advisor before taking any decision.
[POSITIONAL] BATAINDIA LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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bata || Breakout || ready for 20% upside || RS PositiveExcellent Fundamental portfolio stock
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Breakout above 1900 and earning increased over FY 21
BATA Good to goResistance Possible Breakout on BATA India SL 1980 Target 2120 1Hrs Time Frame For learning
Indicator Free Analysis using Simple Price Action - A Case StudyThis is the monthly chart of BATA India. In this we can see that there was a bull run from December 2016 to March 2020. It came down slowly to form a falling wedge pattern and also a double bottom pattern from Mar 2020 to June 2021. It gave a good breakout of the falling wedge or flag pattern in July 2021 and the momentum continued.
Here we have not used any indicators and are simply following price action. According to the price action, a big resistance is at 1800 levels where the stock may halt before giving breakout.
How to trade the stock?
1. After getting a confirmation that the stock has broken out of a bullish flag pattern, we could have taken a trade at 1600 levels with a SL of 1200 and a target of 2200-2400
2. At present too, we can buy the stock between the levels of 1700-1800 with the same SL of 1200 and a target of 2400.
How was the target calculated?
The total distance covered by from the highest point of the flag ( approx rs 1800) to the lowest point of the flag (approx Rs 1200) should be calculated i.e. Rs 600. Now on giving breakout, the stock should ideally move Rs 600 from the highest point of the flag (Rs 1800). Thus the long term target comes out to be Rs 2400. However it is just a prediction. So one should give or take a standard +/- 5% deviation from the predicted target.
PS - This stock has been chosen for only an ideal case study. This is not a recommendation. The stock may or may not perform as predicted or described.
Weekly Break out also at blue sky zoneKeep eye on radar if its given weekly closed above 1944 its soon too be 2150 with sl 1900
cup & handle technical breakout buy!bataindia :
trade set up :
1. buy above 1698
2. keep stop loss as 1552 on closing basis
3. targets 1841 (handle measured )/
2100 (cup measured)
technical set up :
1. cup and handle pattern
2. breakout concept
3. multiple time frame analysis
4. breakout retest
Bataindia#BataIndia #Weekly #charts
1- Cup & Handle pattern
2- Beaokout
3- Rising Trend Line
4- Can move towards new ATH cmp 1705 view negated below 1625
