BATAINDIA trade ideas
Simple Trade Setup | BATAINDIA | 08-09-2021NSE:BATAINDIA
I am posting this on request from one of my follower.
Trade Setup for Date 08-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Bata India sell below 1742Conditions
Market sentiment must be negative
Price must be sustained at this level
Educational purpose only
This is the 15 Minute timeframe chart of BATAINDIA. Here i have not used any indicators & simply following price action. According to price action, a big resistance is at 1800 levels where the stock may halt before giving breakout.
However its just a prediction. Thus the long term target comes out to be Rs 2400.
PS- This stock has been chosen for only an ideal case study. The stock may or may not perform as predicted or described.
BATA INDIA LTD.Bata India, this company has know for it's "AADARSH" chart, it's a clear cut buying/investing opportunity for the stock right now
Reason for buying :
Fundamentally strong company.
If you see the highlighted area with attention,you will see a pattern
the pattern made is called as "LONG TAIL DOJI"
The pattern shows a Strong rejection for a script on downside
This indicates that buyers are in power for the stock currently & this is the indication of a strong buying on a script.
Target : (double) 3400+ in an year
Stoploss: 1600 ( for long term)
Swing Target 1900-1950-2000+
Swing Stoploss 1680.
Close Positions on daily closings only.
breakout at Bata's weekly chartthere is a breakout at bata's weekly chart you can entry you can enter on price 1771.80 keep a stoploss at 1664.50 & a target of 2069.15 the risk to reward ratio will be 1:2.5
higher highs and higher lowsLogic behind this trade:-
Form past few week the the nifty 50 is being bullish ,and subsequently creating new all time highs .these bullish moves has influenced the entire market therefore the above stock making a steady upward move may present us with a opportunity for long position
about the stock:-
the stock price is creating a classic higher high and higher low pattern .here it has broken the previous high and has retested therefore a long position is suggested
Simple Trade Setup | BATAINDIA | 30-08-2021NSE:BATAINDIA
Observation:
1) On daily time frame it has made cup and handle pattern breakout and sustaining it.
Please refer below chart.
2) On Daily time frame it has been taking support from trendline.
Please refer below chart.
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Trade Setup for Date 30-08-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BATA India - Swing tradeBata india looks good for swing trade with SL below the lower TL on clb. Keep you risk managed before taking any trade.
BATA LONGBATA has given a good breakout
1)Resistance earlier has become a support
2)Good turnaround from a support
3)HH and HL gives bullish note
BATA INDIA CUP & HANDLLE SUPPORT RETESTNSE:BATAINDIA
stock had given BO from CUP & Handle pattern on weekly chart.
and recently Retested its support level.
after confirmation of reversal from support one can trade with Positive bias for long term/investment purpose.
keep SL below BO level.
very short term target: 1810-1820
medium term : 2000-2050
**EDUCATIONAL PURPOSE
BATA INDIAN BreakDown Short Opportunity As we can see stock broke trendline which it was followed from last 8days which is 11th of Aug and it broke todays in last 2 hours ....
so as price action we can initiate Short below 1718 It might come up to retest at 1730 then if see good red strong candle which s hows bearishness then only u can go for short
Sell Below - 1718 on closing on 15/30 TF
Target -1685
SL- AS PER OWN RISK
Target achieved! 4.6% gain!!Hit the like button if you liked my analysis and do follow for regular swing trading ideas. The target of 1770 reached! If anyone wants to hold, they can hold for a target of 1840. For reference, I am attaching the idea below.
Bata india soon 1750 high Bata India making support 1680 and resistance 1700 and it makes the high lower,low higher pattern and it's a bullish pattern
[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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BATAINDIA - Upside for short term - LONGBATAINDAI seems to be sustaining above 1700, after trying to break the resistance multiple times. Good upside can be expected to be seen once the movement sustains. Stock looks good for a LONG position, with a short term Target of 1755 and a Stop Loss on Closing below 1682.5 on a daily basis.
** Important Note - This post is my own study of the mentioned scrip and the views are given with reservation that they may prove to be wrong. I am not a SEBI registered analyst. Please consult your investment advisor before making financial investments.
#Bataindia watchlist stock for potential short term breakout#bataindia watchlist stock for potential short term breakout
all timeframes are bullish in momentum and trend.
at a 2 year old major resistance zone and daily volume spikes seen that could be attempting to breakout.
momentum showing a bounce from the support on daily after range shifted from sideways to bullish
rounding bottom on daily seen.earlier june attempt failed and so entry with tight slop loss and only after green close above resistance.
trade for short swing /short term since another resistance exit 100-200 points away
BATA INDIAOn Daily time frame BATAINDIA showing the breakout of cup and handle pattern. After this breakout expected it will continue it's bullish rally upto new target of 1850+ in short term time period. Can go long in this trade above 1700 for target of 1850, 1950 and 2080+. Downside weakness possible in case it's started trading below 1545 so we can place our stop loss at this level.
bata indiai would like to enter if the stock gives strong break out at 1740 (like fake green candle )
and take support at 1740 like arrow placed with good volume expansion
