BATA INDIA (swing)looks great for swing trade , recently broke a channel patter in weekly tine frame , trading with high volumes, entry price 1943, stop loss 1814, first target 2127
BATAINDIA trade ideas
Bata: Kadam kadam badhaye jaBata
Observations:
- higher top higher bottom since April 2021
- Cup and handle formation
The stock has a Cup & Handle target potential of around 2120, however it should be noted that sustaining above 1895 could also lead to fresh breakout into uncharted territory with further potential of even 2600 odd levels.
Multiple support around 1780 odd levels and 1687 level.
Risk :: Reward ratio looks good. On dips can be a good addition. Keep a close eye on the stock.
Take care & safe trading....!!!
BATAINDIA CUP N HANDLE PATTERN BREAKOUT DONE WITH HUGE VOLUMEAs you see on chart, price has formed nice Cup n Handle Pattern and Breakout done of the important Resistance level with great Volume
SWING TRADE OPPORTUNITY
BUY ABOVE 1725 FOR TGT - 1850-2000+ WITH STRICT SL @ 1550
BATA INDIA BREAKOUTBata has broke the resistance of ~1838.
Relative strength is just turned positive.
Volume delivery is also looking good previous red volume candles are small compare to the green ones.
We can see 20-25% upside in this stock.
Still it has pre-corona resistance at ~1873.
We have good support at 1700-1730 zone.
#TrendIsYourFriend
Positional Trade | Fundamentally strongThis is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
BATA INDIA is Ready to FlyThis stock made a parallel channel. Now the stock went above the middle line of the Bollinger band and also cross the pivot line. So, it shows a clear breakout.
Therefore, it shows a very bullish sign.
Short term TGT== Rs 1850
Long Bata India: Volumes picking up, breaking all resistancesHello Traders,
Bata India has moved up breaking above its all time high. With volumes picking up, we can expect it to give it a further upmove.
WIth 3:2 RR we can trade it as follows:-
My trade would be placed a follows: -
CMP: 1835
Entry price: CMP or 1835-1841.
Target: 1985
SL: 1736 (Daily closing basis)
If it opens at a lower price I would wait for Bata India to start moving up before taking an entry rather than buying at a lower price.
Happy Trading!
BATA INDIA LIMITED.NSE:BATAINDIA
cmp 1834
long bata for targets of 1st 2398 2nd 3251
keep stoploss below 1500
risk reward from cmp
16% loss if sl hit
26% profit on 1st tgt
73% profit on 2nd tgt
Bata India - Diwali + Back to office rush - Footwear UpSimple glance at Advance decline ratio gave me confidence of bullishness on this stock.
Diwali mandatory shopping + Back to office rush - Bata got to run.
It’s a no brainer.
2300 then 2400. try to book profits, at least some post 2400 level.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Near Breakoutstocks that are trading near their breakout levels. A move beyond the key level is likely to trigger fresh momentum in the short
How to identify out performers before the market starts.Chart filtered through chart patterns makes it easy to identify trades at an early stage.
Cup and Handle Pattern in Bata IndiaCup and Handle formation in bata as well as support of retracement level of .786 in Fibonacci Zone as well
Rising Channel@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
H&S Pattern Bearish Sign..Forming H&S pattern But yet not formed completely so take trade accordingly ....
For Short Levels given on chart ....
Take Trade on ur own risk....
BATAINDIA | Retracement ot previous breakout - Potentially 20%BATAINDIA | Retracement ot previous breakout - Potentially 20%
CMP : 1589
SL : 1490
Target : 1870
Almost 1:3 risk reward setup
I dont use fibonocci much, but this stock is currently taking support at 61.8 Level.
bataindia IH&S pttern formation breakout ........................raising channel pattern.................................
[ INTRADAY ] 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 India Breakout RestestBox breakout retested with less volume, Good to enter if it opens above 1785, Buying 1780 CE & Hedging 1800 CE can give a 1:2 R:R
BATAINDiA: Conditional long for 1840 targetA very interesting cup-n-handle trade setup is developing in BATAINDIA. The cup is already formed and the handle is currently in development with two possible lows for the handle: (1) around 1635 and (2) around 1600. The scenario (2) is more likely since this is the more frequent S/R level seen in several instances in the past 2 years, with a major support in Nov.’19. This price level is also close 20-EMA, currently at about 1610. The price movement after result announcement will be the key. A good result will take the price to 1840+. I will wait for result announcement on 10th August to decide whether to enter the trade or not.
BATA Breaking Out- Go LongDetails on the Chart, wave 5 is about to begin also it is a triangle breakout
