buy bataindiait has formed cup & handle pattern breakout with huge volume and also lagging span is also free. we may witness huge upside in coming months. view negated below 1600 clbs
BATAINDIA trade ideas
Cup and handle in Bata IndiaCan be bought at these levels, must wait for the target, it's a positional trade.
Rounding bottam formationBata India has formed rounding bottom and not able to breach the Resistance.
BATA head and shoulders trend reversal pattern we can see the formation of head and shoulder pattern which is a trend reversal pattern in uptrend and the price is at neckline
and we can also see bearish dma crossover so we can see 3 green arrows at different levels which will act as S1, S2, S3 ,
S3 is a very strong one we can accumulate if price comes there (S3 is covid level)
or we can buy on dips at different support levels,
or simply we can buy when bullish dma crossover happens
for intradays look for candle stick patterns and use 3ema crossovers of 14, 21,50 with rsi & macd based on those support and resistance levels
disclaimer- trade at your own risk this is just my idea and view this is not an investment or trading call
thankyou for reading
long this, breakout of cup and handle pattern.can we treat it as a BO of cup and handle pattern?
cmp - 1690
sl -1590 (should be below round number)
target - 2050
BATABata looking good prior to results. Nice cup n handle kind of a pattern have been formed and breakout is yet awaited. Above 1020 can lead to a upmove.
Bata IndiaBata India Breakout on Daily chart retesting the support levels. Bullish pattern on the chart self explanatory.
BATAINDIA AnalysisAnalysis posted on charts if you like the analysis please click on like button and subscribe to this profile to get more updates.
Bata Cmp 1676 dated 9.8.2021Bata Cmp 1676 dated 9.8.2021
1. Trendline Resistance @ 1695.
2. Rectangle BO @ 1695
Buy above 1680 for a tgt of 1730-1760-1800-1840
SL 1635
It is just a view, pls trade at your own risk.
bata india at its resistance level at 1677 long call 1800Bata India is at its resistance level and it makes third time flag pattern and earning is in 5 days if the result good it breaks its resistance level 1677 and move to 1800 in 3 months
inverted H/S pattern in BATAINDIANSE:BATAINDIA
BATAINDIA formed like a inverted head and shoulder pattern which is bullish once its close above the neck line (red zone) 2118 levels may see in mid term wait for the close in weekly time frame and retest to entry keep eye on this mwpl contract also countinuously decreasing indicates highly parctipated in F&O
Buy Bata India at CMP on positional basisBuy Bata India at CMP on positional basis...
Follow chart for target and SL
Go Long on Bata IndiaBata India broke out its major resistance level 1685, Can see a good upside momentum from here.
CMP- 1688
Good Accumulation range- 1645-1680
Upside target- 1780-1815-1880++
Stop Loss- 1615 on closing basis
Duration - 3-6 Months
If sustains above All time high, then next target is 2100++
Inverse head and shoulder pattern breakoutCan be bought now for a target of 1770. CMP-1692. SL will be 1540 on a closing basis. It is a good fundamental stock that's why kept SL a bit far.
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Happy Trading :)
Bata India made Cup & Handle pattern is it Good for swing Trade?=> We can go long only if price close above 1700 level (Price should sustain above 1700 level at least for 30 min)
=> Risk reward for this trade is 1:1.84
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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batat india target 1640 with SL 1602BATA INDIA reopening theme bullish uptrend MACD crossover with a break out.
